Summary Box: Commodities fall on economic worries

AP News
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Posted: Apr 23, 2012 3:41 PM
Summary Box: Commodities fall on economic worries

PERCOLATING PROBLEMS: Commodities prices fell on troubling news about Europe and China. Investors worried that the challenges faced by the two regions could hurt the global economy and slow demand for basic materials.

ECONOMIC WORRIES: Government debt continued to build in European countries despite severe budget cuts, and the manufacturing and services sectors also declined. Separately, a survey found that China's manufacturing sector improved in April but remained below a reading that would indicate expansion.

WINNERS, LOSERS: Prices for oil, most metals and soybeans fell. Natural gas, wheat and corn rose.