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Thursday, July 17, 2008

UPDATES ON JULY 17 2008

JULY 17 THURSDAY

September silver fell 21 cents to $18.81 an ounce.

Gold for August delivery fell $16 to end at $962.70 an ounce

on the New York Mercantile Exchange.

Crude-oil futures fell over $4 a barrel Wednesday, leaving

crude with its biggest two-day drop in 17 years, after

government data showed a surprise increase in U.S.

petroleum inventories.

Commodities moved lower across the board Wednesday.

The dollar reversed sharp losses Wednesday, taking

support from better-than-expected U.S. output data,

strength on Wall Street and sagging crude-oil futures.

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