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Commodities Finish Trade Higher; Crude Oil, Gold Futures Log Gains

Commodities finished higher as crude oil futures accelerated gains as investors kept an eye on developments in Libya. Gold futures closed at a new record.

Light, sweet crude for October delivery finished up 2.3% to $84.12 a barrel. In other energy futures, heating oil was up 0.24% to $2.91 a gallon while natural gas was down 1.27% to $3.89 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is up 1.93% to $32.74. The United States Natural Gas ETF ( UNG ) is down 1.61% at $9.76.

Meanwhile, gold futures finished higher while the dollar also gained strength against foreign currencies.

Gold for December delivery finished up 2.19% to $1,891.90 an ounce. In other metal futures, silver was up 2.63% to $43.58 a troy ounce while copper traded down 0.87% to $3.96.

The US Dollar Index was up 0.10% to $74.07.

In metal ETFs, SPDR Gold Trust ( GLD ) is up 2.17% to $183.85. Market Vectors Gold Miners ( GDX ) is up 3.87% to $63.63. iShares Silver Trust ( SLV ) is up 1.46% to $42.29.

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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