(Bloomberg) -- White sugar gained in London as
higher oil prices increased speculation that demand for
alternative fuels such as ethanol may expand.
Crude oil has gained 4.6 percent in two days in New York.
White sugar reached a record in London in May last year as
investors bought the commodity on speculation top producer Brazil
would divert more of its sugar cane harvest to ethanol production
amid record energy prices.
Read more at Bloomberg Commodities News
higher oil prices increased speculation that demand for
alternative fuels such as ethanol may expand.
Crude oil has gained 4.6 percent in two days in New York.
White sugar reached a record in London in May last year as
investors bought the commodity on speculation top producer Brazil
would divert more of its sugar cane harvest to ethanol production
amid record energy prices.
Read more at Bloomberg Commodities News
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