Tuesday, December 12, 2017
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Oil falls to six-week low
Oil falls to six-week low; platinum and palladium end lower
By The Associated Press

NEW YORK (AP) ' The price of oil has fallen to a six-week low because of hopes that supply will grow. France's prime minister says there is a "good chance" that the U.S. and Europe will agree to release some of their oil reserves.

Oil ended the day Thursday at $102.78, down $2.63.

Platinum and palladium are both ending the day lower. Copper rose, but by less than half a penny.

Silver, which can be traded as both a precious metal and an industrial metal, rose 16 cents on the day to $31.99 per ounce. Gold fell $5.70 to $1,652.20.

Wheat, soybeans and corn all fell. So did cocoa, coffee and other agricultural commodities. Sugar was the main exception, rising 1.4 percent.

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