Commodities

Oil Climbs to Five-Week High Above $50 on OPEC Cuts, Russian Gas Dispute Crude oil rose above $50 a barrel to a five-week high as Kuwait and Qatar indicated they will implement supply cuts announced by OPEC last month, and a dispute between Russia and Ukraine reduced natural gas shipments to Europe.

Gold Rises in New York as Dollar Rally Fades; Silver, Platinum Post Gains Gold rose, erasing earlier losses, on speculation that the dollar’s rally will stall, boosting the appeal of the precious metal as an alternative investment.

Wheat Climbs on Speculation Demand for U.S. Grain Will Increase This Year Wheat jumped to a three-month high on speculation that overseas buyers need more high-quality U.S. grain to make staple foods such as bread and pasta.

Sugar Rises to Six-Week High in N.Y. as Crude Gains, Slump May Spur Buying Sugar in New York rose to a six-week high as crude oil gained, lifting demand for fuel alternatives made from cane, and on speculation that demand will rise after prices fell 14 percent in the fourth quarter.

Orange-Juice Rises to Two-Week High as Demand Increases After Price Slump Orange-juice futures rose to a two- week high as demand increased after prices fell to the lowest level in more than four years.

Cocoa Prices Rise in New York as Deliveries to Ivory Coast Ports Decline Cocoa prices rose for the second straight day in New York as deliveries declined to ports in Ivory Coast, the world’s biggest producer of the beans.

Commodity Futures 

Energy Prices