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Commodities Finish Higher; Crude Futures Rise 1.6% While Gold Ends With Second Consecutive Gain

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Commodities closed higher as crude oil futures finished with gains, while gold was helped by a weaker dollar to end atop $1,700 an ounce.

Light, sweet crude oil for January delivery finished up 1.6% to $99.79 a barrel. In other energy futures, heating oil was up 1.7% to $3.02 a gallon while natural gas was up 3.15% to $3.63 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is up 1.82% to $38.54. The United States Natural Gas ETF ( UNG ) is up 2.3% to $8.00.

Meanwhile, gold futures finished with their second consecutive gain

Gold for December delivery finished up 0.2% to $1,713.40 an ounce. In other metal futures, silver was down 0.89% to $31.95 a troy ounce while copper was up 1.01% to $3.40.

The US Dollar Index was down 0.18% to $79.03.

In metal ETFs, SPDR Gold Trust ( GLD ) is up 0.34% to $167.19. Market Vectors ETF Trust ( GDX ) is up 0.89% to $56.70. iShares Silver Trust ( SLV ) is down 0.54% to $31.10.

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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