Markets
UNG

Commodities End Lower; Silver Continues Slide, Dollar Pressures Gold; Crude Under $97/Bbl

Commodities ended mostly lower as crude futures continued to slide, finishing just under $97 a barrel. Gold and silver futures also fell.

Light, sweet crude for June delivery finished down 0.5% to $96.91 a barrel. In other energy futures, heating oil was down 1.06% to $2.84 a gallon while natural gas was down 3.15% to at $4.18 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is down 0.1% to $38.47. The United States Natural Gas ETF ( UNG ) is down 2.97% at $10.79.

Meanwhile, gold futures ended lower as the commodity was pressured by a stronger dollar through much of the morning. Still, dollar futures were off fractionally in afternoon trade.

Gold for June delivery finished down 0.7% to $1,480 an ounce. In other metal futures, silver was down 1.9% to $33.49 a troy ounce while copper traded up 0.81% to $4.02.

The U.S. dollar index (DXY) is down 0.005% to $75.47.

In metal ETFs, SPDR Gold Trust ( GLD ) is down 0.75% to $144.28. Market Vectors Gold Miners ( GDX ) is up 0.07% to $54.51. iShares Silver Trust ( SLV ) is down 0.24% to $32.77.

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) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


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

In This Story

UNG SLV USO GDX GLD

Other Topics

Commodities