Markets
UNG

Commodities Finish Trading Mixed; Crude Oil Swings Lower While Gold Notches Gains

Commodities finished the session much as they started--mixed. Crude oil futures backed off of prior-session gains to end in the red while gold futures tallied gains into the close.

Light, sweet crude for September delivery finished down 1.4% to $86.65 a barrel. In other energy futures, heating oil was down 0.06% to $2.94 a gallon while natural gas was down 1.96% to $3.94 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is down 1.32% to $33.77. The United States Natural Gas ETF ( UNG ) is down 1.87% at $9.97.

Meanwhile, gold futures logged a second consecutive session of gains while the dollar also gained strength.

Gold for August delivery finished up 1.5% to $1,785 an ounce. In other metal futures, silver was up 1.19% to $39.80 a troy ounce while copper traded down 1.01% to $4.01.

The US Dollar Index was up 0.12% to $73.98.

In metal ETFs, SPDR Gold Trust ( GLD ) is up 1.02% to $173.56. Market Vectors Gold Miners ( GDX ) is down 0.84% to $60.39. iShares Silver Trust ( SLV ) is up 0.28% to $38.79.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

UNG SLV USO GDX GLD

Other Topics

Commodities

Latest Markets Videos