Summary Box: Commodities fall on demand fears

AP News
Posted: Jun 17, 2011 4:31 PM
Summary Box: Commodities fall on demand fears

DOUBTS ABOUT DEMAND: Commodities fell as lingering concerns about global demand overshadowed the possibility that Greece could avoid a default on its debt. Prices of oil, manufacturing metals and many agricultural products settled lower.

GREEK CRISIS: European leaders indicated they're closer to reaching an agreement that would get Greece more financial support as it struggles to avoid defaulting on its debts. A default could affect the economies of other European countries and cause disruptions on global financial markets.

COFFEE DROPS: Coffee prices fell 3 percent as reports indicated Brazil has a good-sized crop with no sign of potential problems.