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Commodities Finish Lower as Crude, Gold Stumble Into the Close; Natural Gas Gains

Commodities finished lower as crude oil futures slumped with a broadly lower equities market as investors awaited an announcement that debt talks from the congressional supercommitttee had failed. A stronger U.S. dollar pressured gold into the close.

Light, sweet crude oil for January delivery finished down 0.8% to $96.92 a barrel. In other energy futures, heating oil was down 1.98% to $2.97 a gallon while natural gas was up 2.44% to $3.39 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is down 1.26% to $37.75. The United States Natural Gas ETF ( UNG ) is up 2.0828% to $7.85.

Meanwhile, gold futures slumped to finish at their lowest level in four weeks.

Gold for December delivery finished down 2.7% to $1,678.60 an ounce. In other metal futures, silver was down 4.14% to $31.14 a troy ounce while copper was down 3.0% to $3.31.

The US Dollar Index was up 0.27% to $78.23.

In metal ETFs, SPDR Gold Trust ( GLD ) is down 2.55% to $163.32. Market Vectors ETF Trust ( GDX ) is down 2.19% to $55.81. iShares Silver Trust ( SLV ) is down 2.48% to $30.61.

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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