Crude oil and gold were falling Friday in New York, but most agricultural commodities were gaining ground.
Oil for May delivery was down 42 cents at $52.22 a barrel late in the session in New York, while reformulated gasoline was up 1 cent at $1.48 a gallon. Heating oil was fractionally weaker at $1.43 a gallon, and natural gas was down 1 cent to $3.77 per million British thermal units.
As for metals, gold was losing $12.10 to $896.80 an ounce, and silver was up half a cent to $12.74 an ounce. Copper added 1 cent to $1.99 a pound.
On the ag side, commodities were broadly stronger, with the exception of sugar. Cocoa, cotton and wheat were among the better-performing contracts. Lean hogs and cattle also rose.
The Reuters/Jefferies CRB Index was up 1.97 points at 228.26.
Among commodity-related stocks,
was down 3 cents at $70.22, and
was slipping 1 cent to $70.30.
tacked on less than 1% each.
was down 5.4%, while
was up 3.7%.
Exchange-traded funds were reflecting the direction of commodities. The
was down 4 cents at $30.94, and the
was falling $1.14 to $87.66. The
Market Vectors Agribusiness
was up 16 cents at $30.08.