Commodities End Higher as Bulls Run in the Broader Market; Gold, Crude Higher
Posted 6/15/2010 3:11 PM by MidnightTrader.com Staff from Midnight Trader in Investing, Commodities
Commodities were mostly higher as oil surged along with a bullish equities session. Gold also gained.
Crude-oil for July delivery, the most active contract, settled 2.1% higher, or $0.94, to $77.91 a barrel on the New York Mercantile Exchange.
In other energy futures, heating oil rose 2.08%, or $1.81, to $2.06 a gallon while natural gas rose 3.64%, or $0.18, to $5.18 per million British thermal units.
Meanwhile, gold for August delivery rose $10.20, or 0.8%, to $1,234.4 an ounce. In other metal futures, silver rose 0.92%, or $0.16, to $18.58 while copper rose 1.11%, or $0.03 to $3.04 a pound.
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