Commodities Mostly Decline

Energy futures are generally ticking ahead.
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Commodities prices were for the most part weaker in early U.S. trading Wednesday, but energy futures were generally ticking ahead.

Oil futures were adding 18 cents to $58.11 a barrel at the New York Mercantile Exchange, and natural gas was ahead by 7 cents at $6.96 per million British thermal units. Heating oil tacked on about half a cent to $1.69 a gallon.

Reformulated gasoline was fractionally lower at $1.93 a gallon.

Among precious metals, gold was down $7.20 to $642.20 an ounce, and silver was off 17 cents at $12.79 an ounce. Platinum was dropping $10.10 to $1,213.50 an ounce. Copper slipped 1 cent to $2.82 a pound.

Meanwhile, at the New York Board of Trade, cocoa, coffee, cotton, sugar and frozen concentrated orange juice futures were all dropping.

The Reuters Jefferies CRB Index eased 0.03 points to 304.49.