Markets
UNG

Commodities End Mostly Higher; March Crude Falls Ahead of Contract Expiration; Gold Higher

An image of a pen on a stock chart
Credit: Shutterstock photo

Commodities finished mostly higher, with gold notching another day of gains. Oil finished mixed, with the expiring March contract lower and the more active April contract higher.

Light, sweet crude for March delivery finished down $0.16, or 0.2%, at $86.20 a barrel. The more active April contract rose $0.87, or 1%, to $89.71.

In other energy futures, heating oil was down 0.93% to $2.70 a gallon while natural gas was up 0.44% to $3.88 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is up 0.61% to $36.28. The United States Natural Gas ETF ( UNG ) is up 0.19% to $5.22.

Meanwhile, Middle East worries helped to drive safe-haven buying in metals.

Gold for April delivery finished up $3.50 to $1,388.60 an ounce. In other metal futures, silver was up 2.57% to $32.38 a troy ounce while copper traded down 0.24% to $4.48.

The U.S. dollar index (DXY) is down 0.12% to $78.52.

In metal ETFs, SPDR Gold Trust ( GLD ) is up 0.19% to $135.30. Market Vectors Gold Miners ( GDX ) is up 0.98% to $59.02. iShares Silver Trust ( SLV ) is up 2% to $31.65.

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

Latest Markets Videos