October crude oil traded modestly higher overnight and this morning before falling sharply into negative territory minutes after the open of pit trading. Crude fell to fresh morning lows of $69.17 per barrel on the move and is currently chopping around just below the unchanged line at $69.92 per barrel, down 0.5%. October natural gas traded higher overnight, pushing to highs of $5.03 per MMBtu just before the open of pit trading. Natural gas has since reversed sharply, falling into negative territory to session lows of $4.869 per MMBtu and was trading 0.6% lower at $4.873 per MMBtu ahead of inventory data. Following the data, which showed a build of 69 bcf(consensus was expecting a build of 60 bcf), natural gas declined initially, but reversed higher back near unchanged levels of $4.904 per MMBtu. December gold pushed to new all-time highs overnight to $1059.60 per ounce on weakness in the dollar, but has since moved back near the unchanged line. Currently, gold is trading 0.3% higher at $1047.80 per ounce. December silver pushed to a 14-month high of $17.93 overnight and has also erased most of its gains and moved back near the unchanged line. Silver is currently 0.8% higher at $17.645 per ounce.

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