Commodity Market Update (Natural Gas)

Precious metals on CMX are trading lower since morning as assets in the largest exchange-traded product backed by the metal shrank to the smallest in more than six years. Actively traded Gold contract tested a low of 1184.70 before settling at 1193.90, down 2.70 points or 0.23% while Silver is trading at 16.33, declining over 1.5% or 1.21 points after having tested a low of 16.12 an ounce. WTI Crude Oil is extending its decline to the multi years low ahead of OPEC’s meeting on today. Light sweet Crude Oil futures tumbling over 2% or 1.51 points to trade at 72.18 after having tested a low of 71.89 and Natural Gas is down around a percent or 4 cents to trade at 4.31 after having tested a low of 4.304 per mmbtu. With the exception of Aluminum, Base metals are trading in green as we write this. Copper is trading at 6584.75, up 8.50 points or 0.13%, followed by rest of the metals.