Commodities end mixed ahead of Memorial Day
The Associated Press
May. 23, 2014
Commodities ended little changed in quiet trading Friday ahead of the Memorial Day holiday in the U.S.
Oil edged above $104 a barrel, metals ended mostly lower and grain and bean futures were mixed.
Benchmark U.S. crude for July delivery gained 61 cents to $104.35 a barrel in New York.
In other energy trading, wholesale gasoline rose 2 cents to $3.02 a gallon, natural gas rose 5 cents to $4.41 per 1,000 cubic feet and heating oil was flat at $2.95 a gallon.
Gold for delivery in June dropped $3.30 to $1,291.70 an ounce and July silver slipped 10 cents to $19.42 an ounce.
Copper for July delivery added three cents to $3.17 a pound, July platinum fell $20.30 to $1,472.80 an ounce and June palladium fell $5 to $831.45 an ounce.
In trading of agricultural contracts, wheat fell seven cents to $6.53 a bushel, corn fell a penny to $4.78 a bushel and soybeans dropped three cents to $15.16 a bushel.
U.S. financial markets will be closed Monday for Memorial Day.