Summary Box: Commodities fall on European concerns

AP News
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Posted: May 08, 2012 3:59 PM
Summary Box: Commodities fall on European concerns

BROADSIDE HIT: Most commodities fell as doubts over Europe's political and economic future renewed worries about future demand for everything from copper and oil to corn and soybeans.

BEHIND THE DECLINE: An inconclusive Greek election raised questions about the country's ability to stave off financial disaster. If Greece is unable to remain solvent, there could be a ripple effect worldwide.

LOSERS, WINNERS: Prices for gold, silver, copper, oil and soybeans fell. Gasoline futures, wheat and corn rose.