[BRIEFING.COM] The US Dollar Index is trading near session highs, however, commodities are trading near session highs as well due to broad market strength. July crude oil began to rally halfway through the overnight session. Crude hit fresh highs of $70.90 per barrel at the top of the hour and was trading near that high ahead of inventory data. Following the data, which showed a build of 2.46 million barrels versus consensus of a build of 250K barrels, crude saw no immediate reaction and is currently 2.6% higher at $70.53 per barrel. June natural gas rallied notably shortly after pit trading began, pushing to new morning highs of $4.32 per MMBtu. Currently, the energy component is 3.7% higher at $4.27 per MMBtu. Precious metals are also seeing strength this morning despite strength in the dollar index. June gold put in highs of $1215 per ounce earlier this morning and is holding its gains at $1213.40 per ounce, up 1.3%. July silver is tracking gold this morning, putting in its own highs of $18.34 per ounce around the same time and also holding its gains. In recent trade, silver is 3% higher at $18.32 per ounce.

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