The Standard & Poor’s GSCI gauge of 24 commodities climbed 1 percent to 679.91 at 5:13 p.m. Singapore time. The UBS Bloomberg CMCI index of 26 raw materials climbed 0.8 percent to 1,618.070. CRUDE OIL Oil rebounded from a three-day low in New York after Greece’s parliament approved austerity measures to secure an international bailout, easing concern Europe’s debt crisis will worsen and curb fuel demand. Crude for March delivery rose as much as $1.01 to $99.68 a barrel in electronic trading on the New York Mercantile Exchange. It was at $99.60 at 4:10 p.m. Singapore time. Futures fell 1.2 percent to $98.67 on Feb. 10, the lowest settlement since Feb. 7, and are up 17 percent from a year ago. NATURAL GAS Natural gas futures in New York extended their decline on speculation that cuts planned by producers of the fuel may not be enough to reduce a U.S. surplus. OIL PRODUCTS High-sulfur fuel-oil swaps for March increased $2.50, or 0.3 percent, to $727.75 a metric ton at 11 a.m. Singapore time, according to data from PVM Oil Associates Ltd., a broker. That’s the highest since July 21, 2008. Naphtha’s premium to London-traded Brent crude futures was down $3.65 at $122.78 a ton, according to data compiled by Bloomberg. This crack spread, a measure of refining profit, widened 26 percent last week, the most in eight weeks. PRECIOUS METALS Gold climbed after Greek Prime Minister Lucas Papademos won approval from parliament for austerity measures to secure a second aid package, hurting the dollar. Platinum traded near the highest level in three months. Spot gold rose as much as 0.7 percent to $1,734.57 an ounce and was at $1,731.02 at 3:57 p.m. in Singapore. Platinum gained as much as 0.5 percent to $1,667.75 an ounce, before trading at $1,665.12. BASE METALS Copper rebounded from the biggest drop in a month as Greece’s parliament approved austerity measures and China’s premier said the government may start fine-tuning economic policies. Aluminum, zinc and lead gained. Three-month copper rose as much as 1.3 percent to $8,587.75 a metric ton on the London Metal Exchange, before trading at $8,569.75 by 3:18 p.m. Shanghai time. The contract closed 3.2 percent lower on Feb. 10, the biggest decline since Jan. 4, after data showed Chinese copper imports fell in January and inventories tallied by the Shanghai Futures Exchange climbed to a record. The May-delivery contract in Shanghai closed 1.3 percent lower at 60,770 yuan ($9,650) per ton. March-delivery copper on the Comex climbed 1 percent to $3.9005 a pound. GRAINS, SOFT COMMODITIES Wheat rebounded from the worst weekly loss since December as lower prices lured buyers including Egypt, the largest importer, amid threats to crops from drought and frost in parts of the former Soviet Union. March-delivery wheat gained as much as 1.4 percent to $6.385 a bushel on the Chicago Board of Trade, after declining 4.7 percent last week, the biggest weekly loss since the five days ended Dec. 9. It traded at $6.37 a bushel, up 1.1 percent at 2:26 p.m. Singapore time. Corn for March delivery advanced 0.6 percent to $6.355 a bushel in Chicago, while soybeans for March delivery gained 0.8 percent to $12.3925 a bushel. Palm oil advanced to the highest level in more than two weeks on speculation that stockpiles and output in Malaysia, the second-largest producer, will decline. The April-delivery contract climbed as much as 1.3 percent to 3,171 ringgit ($1,049) per metric ton on the Malaysia Derivatives Exchange, the highest price since Jan. 25, and was at 3,167 ringgit at 4:29 p.m. in Kuala Lumpur. Futures gained 1.5 percent last week. Orange juice for March delivery fell 2.1 percent to settle at $1.858 a pound on Feb. 10 on ICE Futures U.S. in New York. This week, the price tumbled 7.8 percent, the most since mid- August. The most-active contract reached a record $2.2695 on Jan. 23. Cotton futures for March delivery advanced 0.3 percent to 90.61 cents a pound on ICE, halting a four-session slump. crops at the end of last week. Cocoa for May delivery slumped 3.7 percent to close at $2,161 a metric ton on Feb. 11on ICE Futures U.S. in New York. Arabica-coffee futures for May delivery dropped 0.4 percent to $2.174 a pound in New York. This week, the price rose 0.7 percent. Raw-sugar futures for July delivery climbed 0.1 percent to 23.25 cents a pound. Cattle futures for April delivery fell 1.1 percent to close at $1.268 a pound on Feb. 10 on the Chicago Mercantile Exchange, after reaching $1.26625, the lowest for the most-active contract since Jan. 18. Feeder-cattle futures for March settlement dropped 1 percent to $1.53625 a pound in Chicago, after reaching $1.5325, the lowest for the most-active contract since Jan. 23. To contact the reporter on this story: Christian Schmollinger in Singapore at christian.s@bloomberg.net To contact the editor responsible for this story: Christian Schmollinger at christian.s@bloomberg.net

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