Summary Box: Cocoa jumps on supply concerns

AP News
Posted: Feb 15, 2012 4:12 PM
Summary Box: Cocoa jumps on supply concerns

SWEET DELIGHT: Cocoa prices rose 5.3 percent as speculation grew that hot, dry weather has hurt crops in West Africa and the Ivory Coast. Investors questioned whether a production drop in the region would tighten up global supplies.

OIL BUMP: Oil prices increased after Iran said it would cut off some crude exports to Europe in retaliation for an embargo planned later this year.

IT'S STILL GREECE: Other commodities were mixed as negotiations dragged on over Greece's debt crisis and its request for more bailout funding. Gold, silver and soybeans were higher. Copper, wheat and corn fell.