BASE METAL WRAP: Nickel climbed for a second day to trade near a 15-month high on concern that global supplies will be disrupted as tensions between Russia and Ukraine were escalating and Indonesia stopped ore exports.
ENERGY WRAP: West Texas Intermediate advanced for a second day after an industry report showed crude stockpiles declined in the U.S., the world’s biggest oil consumer. Brent gained in London.
PRECIOUS METAL WRAP: Gold rose toward a three-week high as investors weighed tension in Ukraine against signs of an improving U.S. economy. Palladium was near the highest level since August 2011.
GLOBAL EVENTS TO WATCH: Employment Change q/q, Unemployment Rate, Retail Sales m/m, Building Permits m/m, Prelim Nonfarm Productivity q/q, Prelim Unit Labor Costs q/q, Fed Chair Yellen Testifies, Crude Oil Inventories, 10-y Bond Auction.
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