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News Summary: Housing spurs metals, oil

  • Article by: The Associated Press
  • Associated Press
  • January 29, 2013 - 5:34 PM

HOUSING FLOATS: The Standard & Poor's/Case-Shiller report Tuesday said that home prices in its 20-city index jumped in November.

METALS RISE: That pushed up prices for metals like copper, palladium and platinum. Traders tend to push those prices higher when they think manufacturing and other industry will increase.

CROPS DRIFT: Key agricultural commodities moved only slightly, and in varying directions. Wheat was slightly down, soybeans slightly up, corn virtually flat.

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