Commodities Finish Mostly Higher; Crude Oil Post Strong Gains, Gold Up Modestly

By Staff,

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Commodities ended higher for the day with oil logging strong gains and gold closing up by a dime.

Crude oil for November delivery closed up 2.3%, or $1.83, to settle at $83.08 a barrel.

In other energy futures, heating oil Is up 1.52% to $2.26 a gallon while natural gas fell 2.8%, to $3.43 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) Is up 2.1% to $36.20. The United States Natural Gas ETF ( UNG ) is down 1.92% to $5.57.

Meanwhile, gold closed fractionally higher for the day assisted by a weaker dollar.

Gold for December delivery closed up $0.10 to $1,372.10 an ounce. In other metal futures, silver rose 0.58% to $24.43 a troy ounce while copper rose 0.3% to $3.85 a pound.

In metal ETFs, SPDR Gold Trust ( GLD ) was up 0.25% to $134.02. Market Vectors Gold Miners ( GDX ) was down 1.60.33 to $57.22. iShares Silver Trust ( SLV ) was up 0.8% to $23.94.

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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