Thursday, February 17, 2011
Commodities Finish Higher; Gold, Crude Oil Futures End in Positive Territory
Commodities ended trading higher as crude oil futures logged gains on concern over developments in the Middle East. Gold also finished higher as safe-haven buying moved the metal.
Light, sweet crude oil for March delivery finished up $1.37, or 1.6%, at $86.36 a barrel. In other energy futures, heating oil was down 1.08% to $2.74 a gallon while natural gas was down 1.17% to $3.87 per million British thermal units.
Meanwhile, gold futures advanced throughout the day to finish at a five-week high.
Gold for April delivery finished up $10 to $1,385.10 an ounce. In other metal futures, silver was up 2.89% to $31.51 a troy ounce while copper traded up 0.38% to $4.49.
Light, sweet crude oil for March delivery finished up $1.37, or 1.6%, at $86.36 a barrel. In other energy futures, heating oil was down 1.08% to $2.74 a gallon while natural gas was down 1.17% to $3.87 per million British thermal units.
Meanwhile, gold futures advanced throughout the day to finish at a five-week high.
Gold for April delivery finished up $10 to $1,385.10 an ounce. In other metal futures, silver was up 2.89% to $31.51 a troy ounce while copper traded up 0.38% to $4.49.
Gold, silver and oil are on the rise
Commodities Corner : Feb. 17 2011 | Gold, silver and oil are on the rise. John Kilduff of Again Capital and CNBC's Sharon Epperson have the details.
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