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Commodities Lower as Crude Oil Ends in the Red; Dollar Pressures Gold

Commodities finished trading lower as crude oil futures ended lower, but pared some early losses amid reports of violence against Saudi Arabian protesters, while gold also finished lower on Dollar pressure.

Light, sweet crude oil for April delivery finished down $1.68, or 1.6%, to $102.70 a barrel. In other energy futures, heating oil was down 0.38% to $3.05 a gallon while natural gas was down 2.8% to $3.92 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is down 0.9% to $41.67. The United States Natural Gas ETF ( UNG ) is down 2.29% to $10.23.

Meanwhile, gold futures ended in the red, paring modest prior-session gains, as the dollar gained strength.

Gold for April delivery finished down 1.2% to $1,412.50 an ounce. In other metal futures, silver was down 2.7% to $35.07 a troy ounce while copper traded down $0.01 to $4.20.

The U.S. dollar index (DXY) is up 0.71% to $77.27.

In metal ETFs, SPDR Gold Trust ( GLD ) is down 1.23% to $137.68. Market Vectors Gold Miners ( GDX ) is down 2.19% to $57.64. iShares Silver Trust ( SLV ) is down 2.41% to $34.42.

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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