COPPER UP: Copper for December delivery gained 6.95 cents Wednesday, or 2 percent, to settle at $3.49 a pound. The rally puts copper up nearly 9 percent for the week.
ECONOMIC HOPES: Copper gains value when the economy grows and demand for raw materials increases at manufacturers. Traders were hopeful that European officials will soon unveil a broad financial rescue plan to shore up banks and indebted nations there.
OIL FALLS: Benchmark oil fell $2.97, or 3 percent, to $90.20 per barrel on the New York Mercantile Exchange.