[BRIEFING.COM] November crude oil chopped around right under the unchanged line overnight, before falling notable to new session lows of $70.32 shortly after the open of pit trading. Ahead of this week's inventory data, crude was trading 1.7% lower at $70.57 per barrel. Following inventory data, which showed a build of 2855K vs. a consensus of a draw of 1400K, crude fell quickly and is down 3.3% to $69.38 per barrel. October natural gas also chopped around the unchanged line overnight before trending higher ahead of the open of pit trading. Natural gas hit morning highs of $3.80 per MMBtu and is currently 4.3% higher at $3.768 per MMBtu. The US Dollar Index is higher after trading in negative territory for most of the overnight session, which is adding selling pressure in precious metals. December gold and December silver recently moved into negative territory and hit fresh lows of $1010.90 per ounce and $16.925 per ounce, respectively. Gold is currently 0.2% lower at $1013 per ounce, while silver is down 0.8% at $16.98 per ounce.

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