USDA: Beef inventory continues to decline

USDA: Beef inventory continues to decline

John T. Barone on the latest trends in and future state of commodities markets.

The prospect of U.S. military strikes on Syria has helped boost crude oil prices in recent weeks. West Texas Intermediate, or WTI, oil futures, which averaged $94.29 per barrel for the first half of 2013, closed at a 28-month high of $110.53 Sept. 6. While Syria is not a major oil producer, its proximity to critical shipping lanes, pipelines and the Suez Canal has traders worried about a disruption in oil logistics, even in the event of limited hostilities.

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