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Commodities Finish Trading Lower; Crude Oil Futures Pare Some Early Declines; February Gold Slips

Commodities finished trading lower as the new gold contract finished down over 1% along with a weaker U.S. dollar. Crude futures pared some early losses to close down but above $100 a barrel.

Light, sweet crude oil for January delivery finished down 0.2% to $100.20 a barrel. In other energy futures, heating oil was down 1.79% to $2.97 a gallon while natural gas was up 2.65% to $3.64 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is up 0.6% to $38.79. The United States Natural Gas ETF ( UNG ) is down 2.1% to $7.83.

Gold for February delivery finished up 1.3% to $1,745.50 an ounce. In other metal futures, silver was up 0.12% to $32.84 a troy ounce while copper was down 0.94% to $3.54.

The US Dollar Index was down 0.16% to $78.26.

In metal ETFs, SPDR Gold Trust ( GLD ) is down 0.31% to $169.61. Market Vectors ETF Trust ( GDX ) is down 0.45% to $60.22. iShares Silver Trust ( SLV ) is down 0.25% to $31.92.

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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