Mixed Day for Commodities

Oil is weaker.
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Energy and metals prices were generally trading to the upside Monday, but a notable weak spot was the near-month futures contract for oil.

May crude was lately down 70 cents at $63.58 a barrel in New York, while natural gas was tacking on 1 cent to $7.62 per million British thermal units.

Heating oil was adding 1 cent to $1.87 a gallon, and reformulated gasoline was higher by 2 cents at $2.15 a gallon.

Gold was rising $1.90 to $681.30 an ounce, and silver was climbing 12 cents to $13.86 an ounce. Copper increased 5 cents at $3.43 a pound, and platinum for June delivery was edging ahead by $1.10 to $1,267 an ounce.

Elsewhere, cocoa, coffee, cotton and frozen concentrated orange juice were easing. Sugar rose. Among agricultural products traded in Chicago, corn and wheat were stronger, while soybeans were slipping.

The Reuters Jefferies CRB Index was up fractionally at 318.36.