Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Heating Oil Gains on Mideast, Cold Outlook: Commodities at Close

The Standard & Poor’s GSCI Spot Index of 24 raw materials rose 2.1 percent to settle at 650.58 at 3:52 p.m. New York time, led by energy.

The UBS Bloomberg CMCI gauge of 26 prices advanced 1.8 percent to 1,576.81


Heating oil climbed the most in six weeks on concern that Israel’s attacks on the Gaza Strip may spread unrest in the Middle East, disrupting petroleum supplies, and colder weather was forecast for the U.S. and Europe.

Israeli Defense Minister Ehud Barak said that air attacks on Gaza may expand to ground operations amid an escalating conflict with the Islamist Hamas movement. U.S. distillate stocks are at the lowest seasonal level since 2000.

On the New York Mercantile Exchange, heating-oil futures for December delivery jumped 3 percent to $3.0751 a gallon, the biggest gain since Oct. 4.


Crude Oil rose to a one-month high amid concern that Middle East unrest will disrupt supplies and on growing confidence that a deal can be reached to avoid automatic U.S. spending cuts and tax increases.

On the Nymex, oil futures for January delivery rose 2.7 percent to $89.28 a barrel, the highest settlement since Oct. 19.

Brent crude for January settlement gained 2.5 percent to $111.70 a barrel on the ICE Futures Europe exchange in London.

Vitol Group SA purchased a cargo of North Sea Forties crude at a higher price. No bids or offers were made for Russian Urals blend in Europe.

Statoil ASA resumed production at Troll C platform in the night of Nov. 17 after halting on Nov. 15 due to corrosion found


Sugar gained the most in five months on concern that rain this week will disrupt the harvest in Brazil, the world’s biggest producer.

On ICE Futures U.S., raw sugar for March delivery jumped 4.1 percent to 19.94 cents a pound, the biggest increase for a most-active contract since June 6.

Arabica-coffee futures for March delivery jumped 3.2 percent to $1.574 a pound, the biggest gain since Sept. 10.

Cocoa futures for March delivery advanced 1 percent to $2,421 a metric ton.

Cotton futures for March delivery fell 0.8 percent to 72.06 cents a pound.


Copper rose the most in nine weeks on optimism that U.S. lawmakers will reach a deal to avoid automatic tax increases and spending cuts in January that are forecast to curb economic growth.

On the Comex, copper futures for March delivery climbed 2.2 percent to $3.5365 a pound, the biggest increase since Sept. 14.

On the London Metal Exchange, copper for delivery in three


Gold rose the most in a week, tracking gains in commodities, as prospects improved for a U.S. budget deal and unrest in the Middle East spurred demand for the metal as an alternative investment.

On the Comex in New York, gold futures for December delivery rose 1.1 percent to $1,734.40 an ounce, the biggest gain since Nov. 6.

Silver futures for December delivery climbed 2.5 percent to $33.189 an ounce, the biggest jump since Nov. 6.

On the Nymex, platinum futures for January delivery rose 1.4 percent to $1,583.80 an ounce, the biggest increase since Oct. 31.


Hog rose to a four-month high on signs of a rebound in demand for U.S. pork and tighter supply.

On the Chicago Mercantile Exchange, hog futures for February settlement climbed 1.1 percent to 87.425 cents a pound. Earlier, the price reached 87.875 cents, the highest since July 9.

Cattle futures for February delivery gained 0.1 percent to $1.3015 a pound, the third straight increase.


Soybeans rose the most in three weeks and grains advanced on optimism that the U.S. will avoid the so-called fiscal cliff as Europe took steps to resolve a Greek rescue, bolstering prospects for commodity demand.

On the Chicago Board of Trade, soybean futures for January delivery rose 0.8 percent to $13.9475 a bushel, the biggest gain since Oct. 24.

Corn futures for March delivery climbed 1.6 percent to $7.425 a bushel.


Natural gas dropped for the second time in three sessions on forecasts for warmer-than-normal weather that would cut heating-fuel consumption.

On the Nymex, gas futures for December delivery fell 1.9 percent to $3.719 per million British thermal units.

U.K. gas for next-day delivery declined as predictions of warmer-than-normal weather cut demand.

The price dropped 0.9 percent to 65.25 pence a therm at 4:03 p.m. London time. Next-month gas climbed 0.2 percent to

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.