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News Summary: Copper rises on manufacturing gains

By Victoria Advocate
Nov. 1, 2012 at 6:01 a.m.


COPPER GLEAMS: Copper rose after new reports showed manufacturing expanded last month in the U.S. and China, the world's two largest economies. U.S. consumer confidence rose to the highest level in nearly five years. Americans spent more money on big-ticket items like automobiles and other factory goods.

ENERGY MIX: Oil and wholesale gasoline prices rose as power outages hampered work to restore normal operations at refineries, storage tanks and supply terminals in the Northeast. Oil imports also were limited, adding to supply problems.

WHAT'S NEXT: The government is scheduled to release its October jobs report on Friday.

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