Tuesday, May 8, 2007

Base metals slip, oil bounces above $65

(Reuters) - Industrial metals slipped on Tuesday as a week-long strike in Peru ended, while precious metals drifted and oil bounced back from a six-week low.

Copper for delivery in three months on the London Metal Exchange fell to $8,150/8,160 per tonne at 1152 GMT, down 2 percent from Friday, when it hit an 11-month high of $8,320 on the Peruvian strike and a strong growth outlook in the United States.


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