GLOBAL MARKETS: Euro sticks near 5-month high; silver surges
SINGAPORE, April 5 (Reuters) - Worries about global inflationary pressures pushed silver to a 31-year high on Tuesday and kept the euro close to a five-month high against the dollar.
Asian stocks were little changed following a desultory session on Wall Street, although shares in resources companies gained on the back of rising commodities prices.
Oil : Oil climbs to highest since 2008 on supply concerns
NEW YORK, April 4 (Reuters) - Oil prices rose to their highest since 2008 on Monday, with Brent surging above $121 a barrel as Nigerian election delays and a short-lived strike in Gabon joined a list of geopolitical supply concerns.
"Brent is up on Libya, Yemen unrest and the Nigerian election," said Phil Flynn, analyst at PFGBest Research in Chicago.
Libyan rebels urgently want to sell oil, gas-UN
UNITED NATIONS, April 4 (Reuters) - Libyan rebels fighting forces loyal to leader Muammar Gaddafi are worried about their financial resources and want to start exporting both oil and natural gas, the U.N. special envoy to Libya said on Monday.
Abdelilah al-Khatib, the former foreign minister of Jordan and U.N. Secretary-General Ban Ki-moon's special envoy to Libya, spoke to the Security Council about his recent visits to Libya, where he met with the rebels' Transitional National Council and members of Gaddafi's government in Tripoli.
NATURAL GAS: Natural gas ends lower on milder weather outlook
NEW YORK, April 4 (Reuters) - U.S. natural gas futures lost nearly 2 percent on Monday, pressured along with weaker cash gas by comfortable supplies and milder Northeast and Midwest weather that has tempered heating demand.
"The weather is finally getting warmer and in turn electricity demand is weakening," said the Schork Group in Monday's Schork Report, noting there seemed to be little other support for natural gas prices besides technicals and the cost of coal.
EURO COAL: Euro Coal-Coal prices rise on German utility demand
LONDON, April 4 (Reuters) - European coal futures prices were pushed up on Monday as strong demand from Germany's power sector drove the market, traders said.
"German demand for physical coal has been pretty strong in the past week as the big utilities are ramping up coal power generation, and this has fed into the far end of the curve as the market expects stronger German coal demand in coming years to make up for lost nuclear capacity," one coal trader said.
COMMODITIES: Corn matches record high; oil hits 2-1/2-year peak
NEW YORK, April 4 (Reuters) - Corn matched a record high from 2008 on Monday on unrelenting demand amid thin stockpiles, and oil hit 2-1/2-year peaks as crude supplies remained under threat from crises in Yemen and Libya.
"Many of the variables that were front and center last week continue to dominate the headlines," Edward Meir, senior commodities analyst at brokerage MF Global in New York, wrote in a commentary on oil.
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