Commodities Stage Rally

Gold and crude are both higher.
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Energy and metals futures were rising across the board Wednesday amid continuing worries about geopolitical instability.

May crude futures were surging $1.37 in New York to $64.30 a barrel, and gold was adding $4.30 to $673.10 an ounce.

Natural gas was up 17 cents at $7.67 per million British thermal units, and heating oil was better by 5 cents to $1.84 a gallon. Reformulated gasoline was tacking on a penny to $2.08 a gallon.

Silver was gaining 19 cents to $13.47 an ounce, and copper was fractionally up at $3.06 a pound. Platinum was rising $4 to $1,246 an ounce.

Cocoa and cotton rose, but coffee and frozen concentrated orange juice were weaker.

The Reuters Jefferies CRB Index was up 3.41 points to 315.26.