Commodities Futures Finish Lower with Both Gold, Crude Oil Contracts Ending In Red

By Staff,

Shutterstock photo

Commodities contracts finished the trading day mostly lower as crude futures drew back from a week of gains and gold dropped from yesterday's record high.

Crude oil for November delivery closed down 1.99%, or $1.56, to settle at $81.67 a barrel.

In other energy futures, heating oil was down 2.19% to $2.25 a gallon while natural gas fell 5.05%, to $3.67 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) was down 1.9% to $35.59. The United States Natural Gas ETF ( UNG ) was down 6.38% to $5.78.

Meanwhile, gold futures drew back from yesterday's record high.

Gold for December delivery closed down $12.70 to $1,335.00 an ounce. In other metal futures, silver was down 1.53% to $22.69 a troy ounce while copper fell 1.95% to $3.68 a pound.

In metal ETFs, SPDR Gold Trust ( GLD ) was down 1.02% to $130.47. Market Vectors Gold Miners ( GDX ) was down 3.20% to $56.26. iShares Silver Trust ( SLV ) was down 2.49% to $22.12.

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

More from MT Newswires


MT Newswires

MT Newswires

Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by