Commodities ended Thursday trading higher, with oil and gold
closing in the black.
Gold for April delivery reversed early losses, spurred by fear
of Chinese tightening measures, to close up 10 cents at $1,108.20
Copper futures also finished higher as the metal received a
boost after Chile, the world's largest producer of the metal, was
hit by aftershocks to last month's earthquake. Copper for May
delivery rose 1.2 cents, or 0.4%, to end at $3.38 a pound at the
New York Mercantile Exchange.
Meanwhile, crude for April delivery rose 2 cents to settle at
$82.11 a barrel on the New York Mercantile Exchange.
Crude had come under some pressure earlier in the day as Chinese
economic reports fueled concerns that Beijing might further tighten
access to money to cool growth, leading to less demand from one of
the world's biggest oil consumers.
In energy stocks, Clean Energy Fuels (
) reported a narrower-than-expected fourth-quarter loss which drove
investor interest in the stock on Thursday.
For the latest fourth quarter, net loss was $1.9 million, or
$0.03 a share, compared with a loss of $23.7 million, or $0.49 a
share, last year.
Total revenues for the quarter rose 49% to $42.2 million, driven
by a 58% increase in gasoline gallon equivalents sold.
Clean Energy shares were up 17.39%, or $3.36, to $22.68.
Also Thursday, Exxon Mobil (
) said it will increase its capital spending nearly 4% this year to
$28 billion as it evaluates new fields around the world. At the
same time, executives cautioned that the global economy remained
Exxon Mobil shares were down 0.25%, or $0.16, to $67.05.
Heating oil for April rose $0.01 to $2.11 a gallon, while
gasoline for the same month fell $0.01 to $2.27 a gallon. Natural
gas fell 2.54%, or $0.11, to close at $4.43.
Silver futures were up 0.75%, or $0.12, to close at $17.14.
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