Commodity prices slump as investors seek dollar safety

Commodity prices slump as investors seek dollar safety

Commodity prices tumbled this week, mirroring the situation on global stock markets, as fears of a new worldwide recession amid a worsening eurozone debt crisis saw investors seek refuge in the dollar.
Oil spikes on OPEC deadlock; corn hits record

Oil spikes on OPEC deadlock; corn hits record

World oil prices surged this week after Saudi Arabia failed to clinch agreement over an OPEC output boost, while corn hit a record peak as the US Department of Agriculture cut its inventories forecast.