Gasoline at 3-Month High as Nickel Falls: Commodities at Close

The Standard & Poor’s GSCI gauge of 24 commodities climbed 0.2% to 636.65 at 2:10 p.m. in New York, with gasoline rising to a three-month high while nickel fell. The UBS Bloomberg CMCI index of raw materials advanced 0.3% to 1,455.567.

OIL PRODUCTS

Gasoline advanced to the highest level since Sept. 6 as U.S. durable goods orders rose more than forecast and as strikes at French refineries continued for a twelfth day, reducing motor fuel shipments to the U.S. East Coast. * Gasoline gained 1.2% to $2.8142/gal * Ultra low sulfur diesel increased 0.6% to $3.0783/gal

Gasoline: NI GASOLINE

Heating oil: NI HEATOIL

OIL

West Texas Intermediate crude advanced for the fourth time in five days as U.S. orders for durable goods climbed more than forecast, raising expectations that stronger growth will spur fuel demand. * WTI rose 0.3% to $99.22/bbl * Brent gained 0.3% to $111.90/bbl

Oil markets: NI OILMARKET

PRECIOUS/BASEMETALS

Gold gained for the second time in three sessions on speculation that this month’s price drop may spur more physical buying and as violence escalated in South Sudan. * Gold futures rose 0.5% to $1,203.30/oz * Silver gained 0.4% to $19.484/oz * Copper rose 2% to $3.374/lb * Lead climbed while aluminum, tin and nickel fell

Precious metal markets: NI PCMKTS

Base metals markets: NI BMMKTS

NATURAL GAS

Natural gas fell in New York on speculation that a break from unusually cold U.S. weather may limit heating fuel demand amid lower trading volume. * Gas declined 11% to $4.416/mmBtu

Natural gas: NI GASMARKET

SOFT COMMODITIES

Cocoa for March delivery rose in New York, after reaching $2,835 a ton, the highest level for a most-active contract since Dec. 16. * Arabica coffee dropped 0.9% to $1.1475/lb * Cocoa climbed 0.4% to $2,820/t * Orange juice rose 1.8% to $1.39/lb * Raw sugar slid 0.1% to 16.21c/lb * Cotton advanced 1.1% to 83.18c/lb

Soft commodities markets: NI SOMKTS

LIVESTOCK

Hog prices dropped on analysts’ estimates that the herd increased as of Dec. 1 compared with a year earlier * Live hogs slid 0.4% to 85.875c/lb * Feeder-cattle fell 0.3% to $1.66765/lb * Live cattle declined 0.2% to $1.33725/lb

Livestock markets: NI LVMKTS

GRAINS, OILSEEDS

Wheat fell to a 19-month low in Chicago as forecasts for record global production discouraged importers from stockpiling grain. Soybeans and corn rose on increased demand for U.S. crops. * Wheat dropped 0.5% to $6.0625/bu * Corn rose 0.1% to $4.345/bu * Soybeans rose 0.2% to $13.2275/bu

Grains markets: NI GRMKTS

To contact the reporter on this story: Christine Harvey in New York at charvey32@bloomberg.net

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

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