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News Summary: Copper, energy futures fall

Monday - 10/22/2012, 4:50pm  ET

By The Associated Press

(AP) - ENERGY SAPPED: Concerns about weakness in the U.S. economy and the prospect of a major North American pipeline reopening soon sent energy prices lower. TransCanada's Keystone pipeline is expected to reopen soon, after being shut on Wednesday because of safety concerns. The pipeline carries crude from Canada to the Midwest.

BY THE NUMBERS: Crude oil fell $1.32, or 1.5 percent, to finish at $88.73 in New York. That's lowest close since Oct. 3.

MIXED GRAINS: Soybeans for November delivery rose 12.25 cents to $15.465 per bushel. December corn edged down 0.25 cent to $7.6125 per bushel and December wheat rose 5.75 cents to settle at $8.7825 a bushel.


(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)