WTI Crude Declines to Six-Month Low: Commodities at Close

The Standard & Poor’s GSCI gauge of 24 commodities fell 0.3 percent to 620.76. The UBS Bloomberg CMCI index of raw materials declined 0.2% to 1,433.676.


West Texas Intermediate crude declined to the lowest level in almost six months on rising U.S. crude stockpiles and production. The spread between WTI and Brent widened to an eight-month high. * WTI fell 1.5% to $92.30/bbl on Nymex * Brent rose 0.4% to $111.31/bbl on ICE

Oil markets: NI OILMARKET


Gasoline futures gained in New York as consumer sentiment rose and U.S. jobless claims fell to a two-month low. * Gasoline rose 0.4% to $2.6983/gal on Nymex * Ultra low sulfur diesel increased 0.25 cent to $3.0469/gal

Gasoline: NI OPFMKT


Natural gas futures climbed to a five-month high on forecasts for colder weather that would boost demand for the heating fuel and deplete inventories. * Natural gas rose 0.8% to $3.895/mmbtu on Nymex

Gas market: NI GASMARKET


Gold futures declined for the third straight day after a report showed rising confidence among American consumers, boosting speculation that the Federal Reserve will scale back monetary stimulus. * Gold dropped 0.3% to $1,237.90/oz on Comex * Silver fell 1.1% to $19.682/oz * Platinum slid 1.4% to $1,352.70/oz on Nymex * Palladium dropped 0.3% to $715.95/oz

Precious metal markets: NI PCMKTS


Copper futures fell for the second straight day as signs of slower manufacturing in the U.S. dimmed demand prospects for the metal. * Copper retreated 0.9% to $3.1905/lb on Comex * Aluminum, nickel, tin, lead and zinc fell on the LME

Base metals markets: NI BMMKTS


Wheat futures climbed the most in five weeks on speculation that export demand will increase for grain from the U.S., the world’s biggest shipper. * Wheat rose 1.1% to $6.635/bu on CBOT * Corn advanced 0.4% to $4.265/bu * Soybeans fell 0.7% to $13.20/bu

Grains markets: NI GRMKTS


Cotton futures fell as crop concerns eased on forecasts for favorable weather after storms this week in the U.S., the world’s top exporter. * Cotton fell 0.9% to 78.44c/lb on ICE * Raw-sugar decreased 0.5% to 17.22c/lb * Orange-juice rose 0.1% $1.3905/lb * Cocoa dropped 0.1% to $2,766/mt * Arabica coffee fell 0.6% to $1.081/lb

Soft commodities markets: NI SOMKTS


Cattle rose to a one-week high on signs that tight supplies will shrink U.S. beef output. * Cattle futures advanced 0.8% to $1.341/lb on CME * Feeder-cattle added 0.6% to $1.65325/lb * Hogs rose 0.1% to 90.475c/lb

Livestock markets: NI LVMKTS

To contact the reporter on this story: Mario Parker in Chicago at mparker22@bloomberg.net

To contact the editor responsible for this story: Dan Stets at dstets@bloomberg.net

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