(Bloomberg) -- Sugar jumped to a three-month high in
New York on speculation that rising crude oil prices may spur
demand for sugar-based ethanol, an alternative to gasoline.
Crude oil approached an 11-month high in New York after an
Energy Department report showed U.S. gasoline inventories
unexpectedly fell last week. Brazil, the world's largest sugar
grower, is using an increasing percentage of its record cane crop
to make ethanol.
Read more at Bloomberg Commodities News
New York on speculation that rising crude oil prices may spur
demand for sugar-based ethanol, an alternative to gasoline.
Crude oil approached an 11-month high in New York after an
Energy Department report showed U.S. gasoline inventories
unexpectedly fell last week. Brazil, the world's largest sugar
grower, is using an increasing percentage of its record cane crop
to make ethanol.
Read more at Bloomberg Commodities News
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