Summary Box: Commodities sink on demand concerns

AP News
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Posted: Sep 28, 2011 3:25 PM
Summary Box: Commodities sink on demand concerns

COPPER BLUES: The price of copper plunged 5.6 percent after hope for a quick resolution to Europe's debt crisis faded. Investors are concerned that signs of slower growth in Europe, the United States and China could weaken demand for the industrial metal.

OIL DIP: Oil prices dropped 3.8 percent after the Energy Department said crude inventories rose 0.8 percent last week and gasoline demand remains weak.

WHAT'S NEXT: Analysts expect commodity prices to remain uneven until there is a clearer picture of how European leaders will cope with the region's debt crisis.