LIV: Commodities: Crude Oil Falls 2.3%, Gold Off 0.04%
Commodities: Crude Oil Falls 2.3%, Gold Off 0.04%
DJIA -145.30 at 14611.48, NAS -63.76 at 3200.87, S&P 500 -23.71 at 1550.86
May Crude Oil fell for a 4th consecutive session, trading as low as 86.06 in afternoon floor trade. Weakness came on a stronger USD index and inventory data released this morning. Although Crude Oil inventories were Bullish, distillates had an unexpected build of 2.364-M bbls vs expectations for a draw of 0.325-M bbls. The energy component settled 2.3% lower at 86.66 bbl.
May Nat Gas briefly dipped into the Red and to a session low of 4.15 per MMBtu in morning floor trade. However, it quickly recovered into the black and trended higher for the remainder of its session. It settled at its session high of 4.22 per MMBtu for a 1.4% gain.
Jun Gold chopped around breakeven territory during pit trade Wednesday. It brushed a session low of 1374.10 at pit trade open and touched a session high at 1395.20 in morning action. Unable to hold on to that gainer, the precious Yellow metal settled 0.4% lower at 1382.10 oz.
May Silver lifted off its session low of 22.90 set at pit trade open and inched higher during early morning action. Then prices fell into the Red after peaking at 23.67, and trended lower settling with a 1.6% loss at 23.29 oz.