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Commodities Finish Mixed; Crude Oil Advances to Best Level in Five Weeks

Commodities finished trading higher as crude oil rose to its best level in five weeks, while gold futures tumbled but managed to maintain the $1,800 level.

Light, sweet crude for October delivery finished up 3.9% to $89.34 a barrel. In other energy futures, heating oil was up 2.1% to $3.07 a gallon while natural gas was up 0.1% to $3.94 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is up 3.13% to $34.64. The United States Natural Gas ETF ( UNG ) is up 0.4% to $9.94.

Meanwhile, gold futures finished lower for the second day in a row along with a weaker dollar.

Gold for December delivery finished down 3% to $1,817.60 an ounce. In other metal futures, silver was down 0.76% to $41.55 a troy ounce while copper traded up 1.87% to $4.13.

The US Dollar Index was down 0.56% to $75.48.

In metal ETFs, SPDR Gold Trust ( GLD ) is down 3.44% to $176.62. Market Vectors Gold Miners ( GDX ) is down 0.34% to $65.12. iShares Silver Trust ( SLV ) is down 1.32% to $40.51.

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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