Summary Box: Metal futures fall on Europe worries

AP News
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Posted: Nov 16, 2011 5:13 PM
Summary Box: Metal futures fall on Europe worries

METALS FALL: Copper for December delivery dropped 1.7 cents, or less than 1 percent, to close at $3.4845 per pound. December palladium fell $12.60, or nearly 2 percent to close at $654.45 an ounce. January platinum fell $11.50, or nearly 1 percent, to $1,631.20 an ounce.

EUROPE WORRIES: Traders worried that higher borrowing rates for Italy, Spain and France will mean that those countries will have trouble repaying their debt. If European countries can't stem the financial crisis there, it could hinder economic growth.

OIL PAST $100: Benchmark crude oil rose $3.22, or 3 percent, to end at $102.59 per barrel.