Losses were widespread in the commodity market Friday, with energy, metals and agricultural contracts trading almost uniformly to the downside. Crude oil was losing $1.88 at $52.46 a barrel at the New York Mercantile Exchange, and reformulated gasoline was off 4 cents to $1.49 a gallon. Natural gas was dropping 32 cents to $3.63 per million British thermal units, while heating oil was lower by 4 cents at $1.44 a gallon.
Gold was down $19 at $923.20 an ounce, and silver was weaker by 36 cents at $13.27 an ounce. Copper and aluminum also lost ground. On the ag side, soybeans, cotton, wheat and coffee led the decliners. Lean hogs and cattle had fractional decreases. As for the currency market, the dollar rose against the euro to $1.3298 from $1.3510, and it climbed against the pound to $1.4312 from $1.4436. However, the greenback was weaker vs. the yen, falling to 98.02 from 98.48. Turning to commodity-related stocks, Exxon Mobil ( XOM) was down 1.7% to $70.03, and Chevron ( CVX) was losing 1.6% to $69.03. ConocoPhillips ( COP) was up 0.2% at $40.40. Among large miners, BHP Billiton ( BHP) was giving back 5.3% to $45.09, while Rio Tinto ( RTP) was up 1.6% at $141.46. Exchange-traded funds were in retreat. The Gold Shares ( GLD) was down 1.4% at $90.69, and the U.S. Oil ( USO) was surrendering 3.4% to $30.93. The Market Vectors Agribusiness ( MOO) was falling 2.2% to $29.74.