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Decline in Crude Oil and Silver Prices, Rise in Gold and Natural Gas Seen in Commodity Market

U.S. crude oil and Brent crude see a fall of over $2 per barrel, while gold rises by $2.50 per ounce and natural gas records a rise of 20 cents per 1,000 cubic feet.

Overview

  • Benchmark U.S. crude oil for December delivery experienced a significant decline, falling $2.18 to $83.21 per barrel.
  • Brent crude also recorded a fall, showing a $2.20 decline, placing it at $87.93 per barrel.
  • In contrast to crude oil prices, gold saw an increase with a rise of $2.50, bringing the rate to $1,997.40 per ounce.
  • Silver prices trailed behind with a 10 cent fall, setting the December delivery cost at $22.91 per ounce.
  • Natural gas prices surged upward, recording a 20 cents increase to a total of $3.21 per 1,000 cubic feet for the November delivery.