Most commodities were losing ground Wednesday, including crude oil, which dropped following the latest inventory numbers from the U.S. government.
Oil for May delivery was down 63 cents at $53.35 a barrel at the New York Mercantile Exchange, and reformulated gasoline was off 2 cents at $1.49 a gallon. Heating oil was slipping 2 cents to $1.48 a gallon, and natural gas was falling 3 cents to $4.32 per million British thermal units. Those moves came after the Energy Department said crude stores rose by more than 3 million barrels last week. Analysts were expecting an increase of less than half that. Gasoline stocks dropped by about a million barrels, and distillate inventories also decreased. Gold was off 50 cents at $937.50, while silver was up 3 cents at $13.47 an ounce. Copper was steady at $1.80 a pound.
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,226.94 | 1,093.07 | 2,154.06 | 34.86 |
Oil *
77.65
|
|
UP
203.52
|
UP
23.77
|
UP
41.62
|
DOWN
0.17
|
10 Yr
3.49%
SPDR Gold
108.19
|
|
+2.03%
|
+2.22%
|
+1.97%
|
-0.49%
|
Data delayed 20 minutes |














