Commodities: Crude settles lower, gold regains $950
US oil futures fell for the first time in six sessions as traders mulled US weekly inventory data while the Dow’s rally ran out of steam.US light crude oil for September delivery, the new front-month contract, fell 21 cents to settle at $65.40 a barrel on the New York Mercantile Exchange. Earlier in the session the contract fell to a low of $63.76.
The Energy Information Administration’s weekly report showed crude oil inventories fell by 1.8m barrels last week. Gasoline inventories increased by 800,000 barrels while distillates increased by 1.2m barrels.
A report from the Chinese government showing imports of crude fell in the month of June weighed on oil prices Wednesday.
The weaker dollar however helped cap bigger losses for oil.
| Name | Price | 1 Day Change | 1 Day % Change | Units |
|---|---|---|---|---|
| Gold | $947.75 | +$0.50 | +0.05% | $/troy oz |
| Silver | $13.52 | -$0.12 | -0.89% | $/troy oz |
| Palladium | $256.00 | -$2.00 | -0.78% | $/troy oz |
| Platinum | $1,181.00 | -$15.00 | -1.27% | $/troy oz |
| Cattle | 147.81p | 0.000p | 0.00% | p/kg |
| Pigs | 155.57p | 0.000p | 0.00% | p/kg |
| Lamb | 138.03p | 0.000p | 0.00% | p/kg |
| Brent Crude | $66.60 | -$0.16 | -0.24% | $/barrel |
| Krugerrand | $989.10 | +$2.10 | +0.21% | $/troy oz |
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