Referenced Stocks

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

By Midnight Trader,  October 18, 2010, 02:59:07 PM EDT

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 The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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



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