Commodities fall broadly on lingering demand fears

Prices for oil, manufacturing metals and many agriculture products settled lower Friday.
Gold and silver were among the few winners as investors sought assets considered stable during turbulent economic times.
European leaders say they are closer to reaching an agreement to grant additional loans to Greece.
If Greece defaults on its loans, it could affect the economies of other European countries and demand for commodities. It also could cause disruptions on global financial markets.
Many investors are selling contracts as a precaution because Greece’s situation still is unsettled and developments could occur over the weekend.