Surging Oil Prices, Dollar Drag Copper, Steel Stocks Lower

A resurgent U.S. dollar and red-hot oil prices are weighing on copper and steel namesOil prices and a resurgent U.S. dollar are impacting a whole host of sectors, commodities chief among them. This has copper miner Freeport-McMoRan Inc (NYSE:FCX) and steel stock Cleveland-Cliffs Inc (NYSE:CLF) extending their recent losses today.FCX is down 5.3% to trade at $56.19 this morning, on track for its third-straight loss of roughly 5% or more. The shares have taken a 19.6% haircut off their Feb. 25 all-time high o ...