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In New York, NYMEX crude oil futures were down 2% to $57 per barrel in late morning trading, while COMEX copper futures dipped below $2.78 per pound. In London, LME 3-mo. copper and aluminum eased to around $6,110 and $1,810 per mt, respectively, while 3-mo. nickel traded as low as $13,505 per metric ton. Fastmarkets Metal Bulletin reports “Volatility has been a key feature of the LME nickel complex in recent months, with fresh inflows, fresh cancelations and strong price swings persisting into January.” In foreign exchange trading, the dollar was little changed this morning, with the euro buying $1.1085 and the British pound was trading around $1.313.