Commodities Finish Mixed; Gold Closes at a Record Higher; Oil Succumbs to Economic Worries

By MT Newswires,  June 17, 2010, 03:04:45 PM EDT

Commodities finished mixed as oil fell, along with equity markets, on economic worries, while gold rose during a lackluster session, driven partly by a weaker dollar and safe-haven buying.

Crude-oil for July delivery settled 1.1% lower, or down $1.12, to $76.79 a barrel on the New York Mercantile Exchange.

In other energy futures, heating oil rose 1.64%, or $0.03, to $2.14 a gallon while natural gas rose 3.13%, or $0.16, to $5.13 per million British thermal units.

Meanwhile, gold for August delivery rose $18.20, or 1.5%, to $1,248.70 an ounce. In other metal futures, silver rose 1.62%, or $0.29, to $18.74 while copper fell 2.62%, or $0.08 to $2.93 a pound.




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.


This article appears in: Investing, Commodities

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