Commodities End Higher; Gold Hits Record as Crude Closes Above $80 a Barrel

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Commodities finished the trading day higher as crude futures surged past $80 a barrel and gold set yet another record high.

Crude oil for November delivery closed up 2%, or $1.61, to settle at $81.58 a barrel.

In other energy futures, heating oil was up $0.02 to $2.28 a gallon while natural gas fell 1.76%, to $3.80 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is up 2.12% to $35.58. The United States Natural Gas ETF ( UNG ) is down 1.59% to $6.07.

Meanwhile, gold futures restarted their advance after take a one-day breather.

Gold for December delivery closed up $8.20 to $1,317.80 an ounce. In other metal futures, silver was up $0.24 to $22.06 a troy ounce while copper rose $0.03 to $3.68 a pound.

In metal ETFs, SPDR Gold Trust ( GLD ) was up 0.72% to $128.63. Market Vectors Gold Miners ( GDX ) was up 1.05% to $56.52. iShares Silver Trust ( SLV ) was up 1.27% to $21.58.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: GDX , GLD , SLV , UNG , USO

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