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

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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 The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

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

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