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Raw materials rise to yearly high on weaker U.S. dollar Updated: 2016-05-02 09:20:54 KST

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2016-05-02

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Raw materials prices have posted their biggest monthly gain in over five years‚ on the back of the weaker U.S. dollar. According to Bloomberg‚ the CRB commodity index stood at a yearly high of 184.six-one on Friday. That's up over 19 percent from just over 155 in February‚ which was the lowest since March 2002. The index is based on prices for raw materials including crude oil and copper. On the New York Mercantile Exchange on Thursday‚ West Texas Intermediate reached the highest level of the year at just over 46 dollars a barrel‚ …up 76 percent from its low point in February. The U.S. dollar index stood at 93.zero-five the same day‚ the lowest since last January. Reporter :

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