Crude Oil Rallies From 3-Month Low
Energy futures staged an intraday
reversal with early selling giving way to strong buying as concerns
about hurricane Wilma grew during the day. Wilma is currently a category-4
hurricane. Earlier in the session crude oil hit a 3-month low. The MMS reported
a number of rigs and platforms in the Gulf of Mexico have been evacuated as the
storm nears. Currently 66% of daily oil production and 53% of daily gas
production in the region is shut-in.
The US Dollar Index closed higher, along with treasuries. Gold
jumped almost $6 higher after hitting a 1-month low yesterday.
TradingMarkets Commodities Watch List
| Commodity (Symbol) |
Price | Price Change | % Change |
|
Energies |
|||
| Crude Oil (CL) | 60.63 | +0.61 |
+1.02 |
| Heating Oil (HO) | 189.97 | +0.31 |
+0.16 |
| Unleaded Gas (HU) | 167.37 | +3.79 |
+2.32 |
| Natural Gas (NG) | 13.17 | -0.08 |
-0.57 |
|
Metals |
|||
| Gold (GC) | 469.10 | +5.90 |
+1.27 |
| Silver (SI) | 769.00 | +3.50 |
+0.46 |
| Copper (HG) | 179.30 | 0.00 | 0.00 |
|
Grains |
|||
|
Corn (C) |
201.50 | +0.25 |
+0.12 |
| Wheat (W) | 330.00 | -0.75 |
-0.23 |
| Soybeans (S) | 584.50 | -12.50 |
-2.09 |
|
Softs |
|||
| Sugar (SB) | 11.80 | +0.17 |
+1.46 |
| Coffee (KC) | 103.45 | -2.25 |
-2.13 |
| Cocoa (CC) | 1366.00 | -1.00 |
-0.07 |
| Frozen Orange Juice (JO) | 110.25 | -2.20 |
-1.96 |
| Cotton (CT) | 54.49 | +1.28 |
+2.41 |
| Lumber (LB) | 293.50 | -2.00 |
-0.68 |
|
Livestock |
|||
| Lean Hogs (LH) | 60.78 | +0.55 |
+0.91 |
| Live Cattle (LC) | 89.92 | -0.62 |
-0.69 |
Economic News
No economic news today.
Ashton Dorkins