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[BRIEFING.COM] The US Dollar Index pulled back to the unchanged line in recent trade, which provided price support to some commodities. However, the energy and precious metals markets are still trading in negative territory.
August crude oil has been trading in the red since the middle of the overnight session. Crude just hit fresh session lows of $76.38 per barrel. Ahead of today's inventory data, crude was trading just above that level at $76.67 per barrel. Following the data, which showed a draw of 5.06 million barrels versus the consensus, which called for a draw of 1.5 million barrels, crude pushed back near the flat line, but is now trading 0.5% lower at $76.75 per barrel.
August natural gas chopped around the unchanged line during the overnight session. In recent trade, natural gas fell to new session lows of $4.31 per MMBtu, but is back near the flat line in current trade at $4.36 per MMBtu.
Precious metals continue to trade in negative territory as the dollar index is just modestly higher. August gold has been trading in the red for the last few hours. Gold hit morning lows of $1206.10 per ounce in recent activity and is near that level in current trade at $1209.40 per ounce, down 0.3%. September silver also hit lows in recent trade of $18.12 per ounce and is currently 0.1% lower at $18.23 per ounce.
