Summary Box: Copper prices rise on jobs report

AP News
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Posted: Jan 19, 2012 4:02 PM
Summary Box: Copper prices rise on jobs report

COPPER RISES: Copper for March delivery continued a rally that started Tuesday, rising 4.8 cents to end at $3.8005 per pound. That leaves copper up nearly 5 percent for the week.

JOBS REPORT: Copper prices often rise when traders think the U.S. economy is poised to grow. Investors gained confidence about the economy after the government said the number of people seeking unemployment benefits plunged last week to the lowest level since April 2008.

OIL STILL OVER $100: Benchmark crude oil fell 20 cents to $100.39 per barrel on the New York Mercantile Exchange.