[BRIEFING.COM] Oil prices were down more than 2% just minutes ago, but news that crude oil inventory for the week ended August 13 had a draw of 818,000 barrels when a draw of 1 million barrels had been expected has actually pulled prices up a bit. Oil now trades at $74.40 per barrel with a 1.8% loss.
Elsewhere in the commodities space, natural gas prices are down 0.5% at $4.24 per MMBtu.
Precious metals are under stiff pressure. Specifically, gold prices have dropped 0.7% to $1218 per ounce, while silver was last quoted with a 1.7% loss at $18.28 per ounce.
Such broad weakness among commodities has the CRB Commodity Index down 0.9%.
