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Commodities Finish Higher; Crude Oil Closes Atop $100 a Barrel; Dollar Slips, Gold Gains

Commodities finished higher as crude oil futures end atop $100 a barrel. Gold futures again finish in the green while the dollar pares some losses after the Federal Reserve released its Beige Book report.

Light, sweet crude oil for January delivery finished up 0.6% to $100.36 a barrel. In other energy futures, heating oil was down 0.12% to $3.01 a gallon while natural gas was down 2.17% to $3.55 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is up 0.6% to $38.79. The United States Natural Gas ETF ( UNG ) is down 2.1% to $7.83.

Meanwhile, gold futures finished the session higher while the dollar also pares some losses after the Federal Reserve released its so-called Beige Book, which indicated that economic activity is improving but that hiring remains muted.

Gold for December delivery finished up 1.3% to $1,745.50 an ounce. In other metal futures, silver was up 3.11% to $32.94 a troy ounce while copper was up 5.41% to $3.57.

The US Dollar Index was down 0.85% to $78.41.

In metal ETFs, SPDR Gold Trust ( GLD ) is up 1.78% to $169.85. Market Vectors ETF Trust ( GDX ) is up 4.87% to $59.22. iShares Silver Trust ( SLV ) is up 3.03% to $31.97.

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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