Crude Oil And Heating Oil Hit 3-Month Low
Crude Oil and Heating Oil resume
their recent decline as mild weather persists across the northern US.
Falling demand continues to drive prices lower, with both contracts hitting
3-month lows today, and warm weather expected for the rest of the week. Among
the energies, only Natural Gas managed to buck the trend to close higher by
almost 4.5%.
Without any major economic reports bonds and forex trading was
lackluster today. The US Dollar Index closed fractionally lower, helped in part
by the Yen which snapped a 6-day losing streak. While Treasuries closed slightly
higher, ending a 4-day slide. The most interesting thing about the decline in
Treasury prices is the Commercials have been heavy net-buyers as the decline has
gone on and are now approaching record net-long positions, especially in the
5-yr and 30-yr.
The metals closed higher, grains were lower, except for Corn,
softs were mixed and livestock closed higher.
TradingMarkets Commodities Watch List
| Commodity (Symbol) |
Price | Price Change | % Change |
|
Energies |
|||
| Crude Oil (CL) | 59.47 | -1.11 |
-1.83 |
| Heating Oil (HO) | 178.61 | -1.01 |
-0.56 |
| Unleaded Gas (HU) | 155.61 | -5.19 |
-3.23 |
| Natural Gas (NG) | 12.61 | +0.55 |
+4.55 |
|
Metals |
|||
| Gold (GC) | 460.40 | +2.50 |
+0.55 |
| Silver (SI) | 760.50 | +3.20 |
+0.42 |
| Copper (HG) | 184.75 | +0.15 |
+0.08 |
|
Grains |
|||
|
Corn (C) |
194.75 | +0.75 |
+0.39 |
| Wheat (W) | 310.00 | -0.75 |
-0.24 |
| Soybeans (S) | 583.00 | -9.00 |
-1.52 |
|
Softs |
|||
| Sugar (SB) | 11.56 | +0.03 |
+0.26 |
| Coffee (KC) | 102.95 | -0.95 |
-0.91 |
| Cocoa (CC) | 1322.00 | -22.00 |
-1.64 |
| Frozen Orange Juice (JO) | 124.25 | +0.95 |
+0.77 |
| Cotton (CT) | 51.26 | -0.18 |
-0.35 |
| Lumber (LB) | 332.30 | -0.40 |
-0.12 |
|
Livestock |
|||
| Lean Hogs (LH) | 63.75 | +1.48 |
+2.37 |
| Live Cattle (LC) | 91.80 | +0.33 |
+0.36 |
Economic News
Consumer Credit:
M/M Change – Actual $6.0 Bln
Ashton Dorkins