Oil declines while precious metals rise in commodity markets
Istanbul, August 3 (Hibya) - Oil prices declined while gold and silver posted gains in commodity markets on the final trading day of the week.
Oil prices declined while gold and silver posted gains in commodity markets on the final trading day of the week.
Gold rose 0.25 percent to $4,117.20 per ounce, while silver gained 1.15 percent to $58.450. Copper prices also increased by 1.21 percent to $6.5480.
In the energy sector, WTI crude oil fell 6.14 percent to $79.47, while Brent crude declined 5.32 percent to $83.25. Natural gas prices dropped 0.86 percent to $2.763, heating oil fell 2.40 percent to $3.9971, and RBOB gasoline futures lost 3.51 percent to $3.0048.
In agricultural commodities, U.S. soybean futures declined 0.54 percent to 1,181.13 cents per bushel, while U.S. wheat futures fell 0.62 percent to 635.30 cents per bushel.
Usa News Agency
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