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Commodities Finish Higher; Crude Futures Log Gains Topping 1%; Weaker Dollar Helps Gold

Commodities finished trading higher as crude managed gains topping 1% while gold futures, helped by a weaker dollar, ended in the green.

Light, sweet crude oil for January delivery finished up 1.1% to $99.41 a barrel. In other energy futures, heating oil was down 0.59% to $2.91 a gallon while natural gas was down 3.93% to $3.32 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is up 1.67% to $38.41. The United States Natural Gas ETF ( UNG ) is down 3.56% to $7.31.

Meanwhile, gold futures finished in the green as EU leaders appeared to have struck an accord for better fiscal coordination to address Europe's debt crisis.

Gold for February delivery finished up 0.2% to $1,716.80 an ounce. In other metal futures, silver was up 2% to $32.17 a troy ounce while copper was up 2.06% to $3.57.

The US Dollar Index was down 0.26% to $78.63.

In metal ETFs, SPDR Gold Trust ( GLD ) is up 0.49% to $166.76. Market Vectors ETF Trust ( GDX ) is up 1.01% to $57.79. iShares Silver Trust ( SLV ) is up 2.28% to $31.40.

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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