20110621 1222 Global Commodities Related News.

GLOBAL MARKETS: Euro rises, Greek confidence vote awaited
SINGAPORE, June 21 (Reuters) - The euro extended gains in early Asian trade on Tuesday on hopes that policymakers in the single currency zone will try to avoid forcing heavily indebted Greece into a hard landing, though markets are waiting for a confidence vote on the government in the Greek parliament later in the day.
The euro last traded at $1.4345 , extending its recovery from the three-week low of $1.4073 it hit last Thursday.

OIL: Oil falls on Greece, Brent/WTI spread selling
NEW YORK, June 20 (Reuters) - Oil fell on Monday, pressured by uncertainty over the approval of austerity measures for Greece and the sell-off of a key spread between Brent and U.S. crude oil futures.
"Last week's crack spread and Brent-WTI relationships became a bit stretched and today's action appeared to represent a significant amount of profit-taking out of some of the inter-commodity spreads," said Jim Ritterbusch, president of Ritterbusch & Associates.

NATURAL GAS: Natural gas ends down slightly, sixth straight loss
NEW YORK, June 20 (Reuters) - U.S. natural gas futures ended slightly lower on Monday for a sixth straight session, with comfortable supplies and moderate Northeast and Midwest weather again driving the front month to a three-week low despite more heat in the South and West.
"There's some heat here (in California) now, so AC (air conditioning) load is picking up, and there's still heat in the South, but there's a lot of supply around, and the economic news has not been good," a West Coast trader said.

EURO COAL: Coal drops in cross-asset downward move
LONDON, June 20 (Reuters) - European coal futures dropped on Monday as macro-economic concerns sparked a downward correction across the energy market and other assets, traders said.
"Markets -- and not only in the energy sector -- were worried about the situation in Greece, and such macro-economic concerns first thing in the week make traders run away from risk and close positions," one coal trader said.