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.
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.
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