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Commodities Advance as Weaker Dollar Helps Crude, Gold Futures FInish in Positive Territory

Commodities finished higher as crude surged along with equities and gold futures also finished in positive territory.

Crude oil for November delivery closed up 2.9%, or $2.28, to settle at $81.77 a barrel.

In other energy futures, heating oil was up 2.97% to $2.25 a gallon while natural gas rose 0.77%, to $3.54 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is up 2.89% to $35.62. The United States Natural Gas ETF ( UNG ) is up 0.45% to $5.63.

Meanwhile, gold shares are higher after bullion was helped by a weaker dollar.

Gold for December delivery closed up $8.20 to $1,344.20 an ounce. In other metal futures, silver rose 0.57% to $23.91 a troy ounce while copper rose 1.04% to $3.79 a pound.

In metal ETFs, SPDR Gold Trust ( GLD ) is up 0.98% to $131.39. Market Vectors Gold Miners ( GDX ) is up 2.04% to $55.64. iShares Silver Trust ( SLV ) is up 2.32% to $23.38.

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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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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