Login/Register

Commodities: Gains in energy offset by weakness in metals, agriculturals

Commodities

Commodities: Gains in energy offset by weakness in metals, agriculturals

Thu, 18 May 2017
Article viewed 15 times
http://stmedia.digitallook.com/web/img/dl/110_lubricant_drums_opt.jpg
bool(true)
Commodities: Gains in energy offset by weakness in metals, agriculturals

(ShareCast News) - Weakness in metals and agricultural futures dragged the commodities complex lower, offsetting strength in energy.


West Texas Intermediate crude oil futures ended the session higher by 0.75% to $49.44 a barrel on the ICE, alongside gains of 0.64% for NYMEX traded gasoline to $1.6129 a gallon.

Heating oil futures also gained, rising 1.04% to $1.5494 per gallon.

June 2017 natural gas futures on the other hand slipped 0.31% to $3.18/MMBtu.

Precious metals were largely unwanted following the previous day's gains, with July 2017 COMEX silver off 1.63% to $16.63/oz..

Copper was also unloved, giving back 0.45% to $2.5350 a pound on COMEX.

Among agriculturals, corn fared worst, with July 2017 futures on the CBoT down by 1.41% to $3.6625 a bushel.

NASDAQ 100 Top Risers

Name Last Chg.% Time
Amazon.Com Inc. 1,038.95 1.29 23:05
Apple Inc. 152.09 1.21 23:06
Autodesk Inc. 110.81 0.97 22:48
Activision Blizzard Inc. 61.44 0.84 22:21
Alphabet Inc. Class C 980.34 0.76 23:09

NASDAQ 100 Top Fallers

Name Last Chg.% Time
American Airlines Group 51.28 -1.21 23:04
Automatic Data Processing Inc. 103.54 -0.99 22:07
Alexion Pharmaceuticals Inc. 130.74 -0.80 22:07
Analog Devices Inc. 78.75 -0.27 23:06
Applied Materials Inc. 46.78 -0.06 23:05