Commodities Ended Mostly Lower as Crude, Gold Futures Both Slide to Lower Close


Commodities were mostly lower as crude futures finished lower in a difficult week for its September contract. Gold futures were also lower.

Crude-oil for September delivery closed down $0.35, or 0.5% at $75.39 a barrel on the New York Mercantile Exchange.

In other energy futures, heating oil was down $0.07 to $1.99 a gallon while natural gas rose 0.09%, to $4.30 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is down 0.8% to $33.65. The United States Natural Gas ETF ( UNG ) is up 0.76% to $7.28.

Meanwhile, gold futures logged a few notches lower, but has gained about 1% for the week by the close of trading.

Gold for December delivery closed down $0.10 to $1,216.60 an ounce. In other metal futures, silver rose $0.04 to $18.11 a troy ounce while copper fell $0.03 to $3.27 a pound.

In metal ETFs, SPDR Gold Trust ( GLD ) was down 0.1% to $118.70. Market Vectors Gold Miners ( GDX ) was down 1.1% to $49.78. iShares Silver Trust ( SLV ) rose 0.11% to $17.71.

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 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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