This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Natural Gas Soars, Gold Rises, Grains End Mixed

By The Associated Press

A weak jobs report sent prices for energy and industrial metals lower. Natural gas futures soared, while grains and beans ended mixed.

The Labor Department reported a sharp slowdown in hiring in March.

The government's monthly survey, which found that just 88,000 jobs were added in March, was far weaker than economists were expecting. More people also gave up looking for work.

The bleaker outlook for the U.S. economy sent prices of economically sensitive commodities lower.

U.S. benchmark crude oil fell 56 cents to close at $92.70 in New York Friday. It was the third straight day of declines for oil. Most other energy futures also fell, except for natural gas.

In other energy trading, heating oil fell 5 cents to close at $2.91 per gallon, and wholesale gasoline fell 4 cents to close at $2.86 per gallon.

Natural gas jumped 18 cents to close at $4.13 per thousand cubic feet. That's double the price at this time last year, when the nation was emerging from the warmest winter on record.

Natural gas prices have been rising in recent months as cold weather blanketed the country. Half of U.S. homes use natural gas for heating.

Agricultural commodities ended mixed. In May contracts, wheat rose 5 cents to $6.99 a bushel, corn fell a penny to $6.29 a bushel, and soybeans fell 10.25 cents to $13.6175 a bushel.

In metals trading:

â¿¿ April gold rose $23.60 to $1,575.40 an ounce

â¿¿ May silver rose 45.3 cents to $27.22 an ounce

â¿¿ May copper fell 0.75 cents to $3.440 a pound

â¿¿ July platinum rose $17.70 to $1,535.50 an ounce

â¿¿ June palladium fell $1.55 to $723.90 an ounce.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,416.85 +225.48 1.31%
S&P 500 2,021.25 +19.09 0.95%
NASDAQ 4,683.4070 +45.4130 0.98%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs