Commodities Finish Lower to End Week; Both Gold, Oil Futures Decline

By Staff,

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Commodities ended lower amid concerns about banks and the broader economy; both gold and crude oil futures ended in the red on the day.

Crude oil for November delivery closed down 1.7%, or $1.44, to settle at $81.25 a barrel.

In other energy futures, heating oil was down 2.47% to $2.22 a gallon while natural gas fell 2.95%, to $3.54 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is down 1.61% to $35.42. The United States Natural Gas ETF ( UNG ) is down 2.57% to $5.69.

Meanwhile, gold futures drew back from their all-time record hit yesterday.

Gold for December delivery closed down 0.4% to $1,372.00 an ounce. In other metal futures, silver fell 1% to $24.19 a troy ounce while copper rose 0.21% to $3.82 a pound.

In metal ETFs, SPDR Gold Trust ( GLD ) was down 0.85% to $133.61. Market Vectors Gold Miners ( GDX ) was down 1.6% to $57.26. iShares Silver Trust ( SLV ) was up 1.37% to $23.70.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, 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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