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Commodities Finish Higher as Crude Reverses Course to End in Green; Gold Ends Above $1,500 an Ounce

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Commodities finished trading higher as crude oil futures shook off early weakness to finish the session in the green. Gold also finished higher.

Light, sweet crude for July delivery finished up 1% to $99.49 a barrel. In other energy futures, heating oil was up 0.7% to $2.91 a gallon while natural gas was up 3.27% to $4.22 per million British thermal units.

In energy ETFs, the United States Oil Fund (USO) is up 1.13% to $39.51. The United States Natural Gas ETF (UNG) is up 3.12% at $10.90.

Meanwhile, gold futures ended higher as bullion moved in tandem with the dollar. Gold and US dollar futures normally move in opposite directions.

Gold for June delivery finished up 1.1% to $1,508.90 an ounce. In other metal futures, silver was up 0.51% to $35.11 a troy ounce while copper traded up 1.52% to $4.11.

The U.S. dollar index (DXY) is up 0.32% to $75.37.

In metal ETFs, SPDR Gold Trust ( GLD ) is up 1.30% to $147.54. Market Vectors Gold Miners ( GDX ) is up 0.72% to $55.98. iShares Silver Trust (SLV) is up 0.06% to $34.28.

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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