Commodities: Crude Oil Rises, Gold And Silver Fall
Nov Crude Oil posted its 1sr gainer in 6 sessions despite a stronger US Dollar Index (DXY). The energy component briefly fell into the Red, and to a session low at 102.37 in late afternoon pit trade but regained momentum heading into the close. It settled 0.4% higher at 103.00, slightly below its session high at 103.19 bbl
Nov Nat Gas slid to a session low of 3.45 per MMBtu on weak inventory data that showed a build of 87 bcf when a smaller build of 76-79 build was expected. Then it erased the loss and broke into the Green in afternoon pit action. It finished with a 0.6% gainer at 3.57 per MMBtu
Precious metals fell Thursday as the USD strengthened following an unexpected fall in weekly jobless claims data. The initial claims level fell to 305,000 from an upwardly revised 310,000 from 309,000, while the consensus expected the level to increase to 325,000
Dec Silver retreated into the Red from its session high at 22.07, it settled 0.7% lower at 21.75 oz.
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