Commodities Round up-Wednesday, October 28, 2009

Commodities: Oil rises 1%, Gold falls Oil prices rose back above $97 a barrel on Tuesday ahead of government stockpile data and despite the strengthening dollar. Crude for December delivery settled 87 cents higher at $79.55 a barrel on the New York Mercantile Exchange. The American Petroleum Institute released its inventory data after the bell on Tuesday while traders will be keeping a close eye on widely watched Energy Information Administration data. US crude inventories on Wednesday are expected to show a build of 900,000 barrels. Oil prices experienced a volatile session on Tuesday, with traders following a mixed session on Wall Street and better than expected quarterly earnings from oil giant BP. A disappointing consumer confidence report gave support to the US dollar, making oil more expensive for holders of other currencies. Consumer confidence fell to a lower than hoped for 47.7 in October from a revised 53.4 in September. Name Price 1 Day Change 1 Day % Change Units Gold $1,036.50 -$17.50 -1.66% $/troy oz Silver $17.06 -$0.55 -3.12% $/troy oz Cattle 146.35p 0.000p 0.00% p/kg Pigs 145.49p 0.000p 0.00% p/kg Lamb 138.77p 0.000p 0.00% p/kg Brent Crude $77.61 +$0.42 +0.54% $/barrel Krugerrand $1,076.00 -$8.10 -0.75% $/troy oz Palladium $328.00 -$8.00 -2.38% $/troy oz Platinum $1,323.00 -$41.00 -3.01% $/troy oz