BF: Energy Market Mixed, Precious Metals Slightly Higher
August crude oil, on the other hand, was seeing selling pressure partially due to today's strength in the index. Crude fell into negative territory around 6:00am ET and hit session lows of $75.65 per barrel a couple of hours ago. Crude rallied approx. $0.60 back near the unchanged line in recent trade and is currently modestly lower at $76.42 per barrel.
August natural gas traded right around the unchanged line overnight before slipping into negative territory and to morning lows of $4.48 per MMBtu. After touching that low, the energy component rallied into positive territory and new session highs of $4.60 per MMBtu and is currently 1.8% higher at $4.60 per MMBtu.
Precious metals were trading in the red this morning, but gained steam a couple of hours ago and rose into positive territory despite strength in the dollar index. August gold is currently 0.4% higher at $1187.00 per ounce, while September silver is 0.6% higher at $17.66 per ounce.