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Oil, Gold Futures Near Steady

Commodities prices are chopping near even, a move replicating that seen in stock markets after both surged in Wednesday's action. Help for China's economy and central bank efforts to lubricate European credit markets lifted sentiment Wednesday.

Global markets digested two separate surveys showing that China's manufacturing sector contracted in November. The data came after China's central bank said Wednesday it will lower the bank reserve requirement ratio in an attempt to spark lending and boost the economy.

February crude futures are flat to just firmer, near $100.46 a barrel. United States Oil Fund ( USO ) is up 0.2% at 38.84.

December gold is up $3.80 or 0.2% at $1,749.30 an ounce. SPDR Gold Trust ( GLD ) is just positive at 170.15.

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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