Commodities finished trading mixed, as crude oil futures topped $85 a barrel. Gold futures lost ground while the U.S. dollar gained strength against foreign currencies.
Light, sweet crude for October delivery finished up 1.2% to $85.44 a barrel. In other energy futures, heating oil was up 0.92% to $2.93 a gallon while natural gas was up 2.62% to $3.99 per million British thermal units.
In energy ETFs, the United States Oil Fund ( USO ) is up 1.62% to $33.25. The United States Natural Gas ETF ( UNG ) is up 3.44% at $10.08.
Meanwhile, gold futures ended lower as bullion lost some of its safe-haven luster, and equities surged.
Gold for December delivery finished down $30.60 to $1,861.30 an ounce. In other metal futures, silver was down 2.64% to $42.22 a troy ounce while copper traded up 0.82% to $4.00.
The US Dollar Index was up 0.10% to $74.07.
In metal ETFs, SPDR Gold Trust ( GLD ) is down 3.31% to $178.54. Market Vectors Gold Miners ( GDX ) is down 4.19% to $61.02. iShares Silver Trust ( SLV ) is down 4.76% to $40.59.
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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.
