Commodities ended mostly higher; Gold, silver up
The Associated Press
Mar. 06, 2014
NEW YORK (AP) — Commodities futures are ending mostly higher, while natural gas futures jumped 3 percent as supplies fell more than expected.
Natural gas gained 14 cents to close at $4.66 per 1,000 cubic feet Thursday after the Energy Department said supplies fell by 152 billion cubic feet last week to 1.2 trillion cubic feet.
Analysts surveyed by Platts expected a drop of 135 billion to 139 billion cubic feet. The nation's supplies of natural gas are 39 percent below where they were a year ago.
In other energy futures, U.S. crude oil for April delivery rose 11 cents at $101.56 a barrel and wholesale gasoline rose 1 cent to $2.95 per gallon. Heating oil fell 1 cent to $2.98 per gallon.
Gold and silver rose, as did corn, wheat and soybeans.