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Commodities: Energy futures slip at the end of the week

By Alexander Bueso

Date: Friday 20 Dec 2019

Commodities: Energy futures slip at the end of the week

(Sharecast News) - Commodity prices were under pressure at the end of the week amid strong selling in energy and metals futures.
As of 1856 GMT, front month West Texas Intermediate crude oil futures were down by 1.55% to $60.23 a barrel on the NYMEX, alongside a 0.93% fall for similarly-dated Brent to $65.92 a barrel.

From a bird's eye view meanwhile, the Bloomberg commodity index was dipping 0.04% to 80.32 as the US dollar spot index advanced 0.38% to 97.7470.

In the metals space, three-month LME copper futures meanwhile slipped from $6,214.0 per metric tonne at the open to $6,175.0, while February gold on COMEX was off by 0.19% at $1,481.60/oz..

March silver on the other hand was adding 0.5% to $17.24/oz..

Among soft commodities, March wheat on the CBoT was erasing 0.96% to $5.40 a bushel and March cocoa on the ICE was off by 0.74% and changing hands at $2,417.0 a metric tonne.

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