Oil Falls On Concerns About Supply Glut, Shaky Demand
Global surpluses and concern about weakness in China's economy sent copper and aluminium to two-week lows on Thursday.
The Thomson Reuters CoreCommodity CRB Index, which tracks 19 commodities, fell 1.11 percent.
"We will be keeping a watch on the copper market (for) anecdotal evidence of a slowing in China's economic growth," Jim Ritterbusch, president at Ritterbusch & Associates, said in a note.
Ritterbusch pointed to the recent correlation between slumping copper and U.S. crude futures.
(Additional reporting by Amanda Cooper and Christopher Johnson in London and Jacob Pedersen in Singapore; Editing by Marguerita Choy)
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