Commodities

Crude Oil Poised for Weekly Gain on Optimism About U.S. Economic Recovery Crude oil traded above $82 a barrel in New York, poised for a weekly gain, on optimism fuel demand will increase amid improved prospects for an economic recovery in the U.S., the world’s biggest energy consumer.

Smithfield's Pope Says U.S. Hog Farmers Stopped Reducing Sow Herd Too Soon Smithfield Foods Inc., the world’s largest pork producer, said U.S. hog farmers halted reductions in their breeding herds too soon and that more cuts are needed to keep supply and demand in balance.

Wheat Falls to One-Month Low as U.S. Supplies May Climb to 22-Year High Wheat prices fell to a one-month low after the U.S. government said domestic inventories will climb to the highest level since 1988.

Copper May Advance to Record on Chinese Demand, Sucden's Goldwyn Forecasts Copper may rise to a record this year, possibly surpassing $9,000 a metric ton, driven by larger- than-expected imports by China and a revival of demand in Europe and the U.S., according to Sucden Financial Ltd.