Even though the U.S. dollar has firmed up a bit, commodity prices continue to sport gains. That has the CRB Commodity Index up nearly 0.2%.
Oil prices have pulled back a bit, but are still up 0.4% to $71.15 per barrel immediately following crude oil inventory data for the week ending October 2. The data showed a draw of 978,000 barrels of crude, while the consensus had called for a build of 2 million barrels. Gasoline inventories had a build of 2.94 million barrels. A build of 1 million barrels had been expected.
Meanwhile, natural gas prices are up 3.0% to $5.03 per contract.
Gold prices continue to sport impressive gains. Prices for the yellow metal are up 0.4% to $1042.80 per ounce. Gold prices actually registered new record highs of $1049.70 per ounce in overnight trade.
As for silver, it is up 0.7% to $17.42 per ounce.
Separately, the Baltic Dry Index extended its recent rally by tacking on 4.3%. The Capesize Index saw the best gains by spiking 6.9%.
