Advertisement
New Zealand markets open in 8 hours 48 minutes
  • NZX 50

    11,627.86
    -54.53 (-0.47%)
     
  • NZD/USD

    0.6126
    +0.0005 (+0.09%)
     
  • ALL ORDS

    7,975.10
    -64.80 (-0.81%)
     
  • OIL

    80.75
    +0.02 (+0.02%)
     
  • GOLD

    2,340.20
    +9.00 (+0.39%)
     

Commodity Stocks Caught Fire. Now, It’s Time to Get Out.

Commodity Stocks Caught Fire. Now, It’s Time to Get Out.

Take oil and copper stocks, for example. The fund hit a multiyear high of $98, pushed by WTI crude oil’s 12% rise. Through late May, miners Freeport-McMoRan and Southern Copper rose 50% and 29%, respectively.