WTI Crude, Natural Gas Decline in New York: Commodities at CloseMike Anderson
Standard & Poor’s GSCI gauge of 24 commodities is little changed at 634.7 at 5:12 p.m. Singapore time. UBS Bloomberg CMCI index of 26 raw materials little changed at 1,472.
* OIL/PRODUCTS ** WTI trades below $100/bbl for a second day after crude stockpiles rose to a 15-week high in the U.S. *** Contract for Nov. delivery falls as much as 43 cents to $98.79/bbl on Nymex ** Brent crude for Dec. settlement up 29 cents at $109.93/bbl in London
* NATURAL GAS ** Natural gas slides to a two-week low in New York amid speculation that government reports this week will show above-
* PRECIOUS/BASE METALS ** Gold swings between gains and losses in London before U.S. employment data that may provide clues on the timing of a reduction in Fed stimulus *** Contract for immediate delivery down 0.3% at 1312.10 in London ** Silver for immediate delivery down 0.3 percent at $22.155/oz. ** Nickel advances to two-month high as hedge funds covered short positions and concern increased that export curbs by Indonesia next year may reduce supply *** Contract for delivery in three months in London up 1.7% at
* SOFT COMMODITIES ** Palm oil drops first time in three days on concern that imports by China, the second-biggest buyer, may expand at the slowest pace in three years *** Contract for delivery in Jan. fell as much as 0.7% to 2,420 ringgit ($763) a metric ton on the Bursa Malaysia Derivatives ** Soybeans falls from the highest level in almost two weeks as farmers in the U.S. accelerated harvesting and rain in parts of