[BRIEFING.COM] The Dollar Index has pulled back into the red in recent trade, which has given strength to select commodities this morning.
Right as pit trading began, October crude oil rallied off of session lows of $73.32 per barrel. The energy component pushed into positive territory and to new session highs of $74.55 per barrel. Currently, crude is trading just under that level at $74.60 per barrel, up 1.3%.
October natural gas has been in negative territory all session. It fell sharply when pit trading started and fell to new session lows of $3.86 per MMBtu. Currently, its trading 3.7% lower at $3.87 per MMBtu.
Precious metals are modestly higher. December gold traded just above the unchanged line overnight and in the morning session. Currently, gold is 0.4% higher at $1283.00 per ounce, December silver was tracking gold for most of the session. Silver did lose steam earlier this morning, but managed to move back in positive territory, now up 0.4% at $20.90 per ounce.
