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.

CRUDE OIL

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

OIL PRODUCTS

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

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

PRECIOUS METALS

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

BASE METALS

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

GRAINS, OILSEEDS

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

SOFT COMMODITIES

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

LIVESTOCK

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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