Commodities Torpedoed; Crude Futures End at Lowest Level Since February; Gold Ends in Red

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Commodities finished trading down as a sell-off in equities bled over into commodities, torpedoing crude futures and sending them to their lowest settlements since February. Gold, also not spared the malaise, ended in the red.

Light, sweet crude for September delivery finished down 5.8% to $86.63 a barrel. In other energy futures, heating oil was down 3.96% to $2.89 a gallon while natural gas was down 3.37% to $3.95 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is down 5.66% to $33.83. The United States Natural Gas ETF ( UNG ) is down 3.43% at $9.98.

Meanwhile, gold futures finished lower, pressured in part by a stronger dollar.

Gold for August delivery finished down 0.4% to $1,659 an ounce. In other metal futures, silver was down 7.31% to $38.40 a troy ounce while copper traded down 2.22% to $4.23.

The US Dollar Index was up 1.64% to $75.14.

In metal ETFs, SPDR Gold Trust ( GLD ) is down 0.24% to $161.11. Market Vectors Gold Miners ( GDX ) is down 5.93% to $55.69. iShares Silver Trust ( SLV ) is down 6.36% to $37.99.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , Commodities
Referenced Symbols: GDX , GLD , SLV , UNG , USO

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