After 'fiscal cliff' party, commodity prices slip

Published on NewsOK Modified: January 3, 2013 at 4:21 pm •  Published: January 3, 2013
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Wholesale gasoline edged down 0.26 cent to $2.7977 a gallon. Heating oil lost 2.12 cents to $3.0251 a gallon. Natural gas fell 3.5 cents to $3.1980 per 1,000 cubic feet.

March contracts for key agricultural commodities were mostly down. Corn slipped 1.5 cents to $6.8925 per bushel. Soybeans lost 5.75 cents to $13.865 per bushel. Wheat was essentially flat, gaining 0.25 cent to $7.555 per bushel.

After rising on Wednesday, prices for most key metals fell on Thursday. Gold for February delivery slipped $14.20 to $1,674.60 per ounce. March silver edged down 28.7 cents to $30.72 per ounce. March copper lost 1.9 cents to $3.717 per pound. March palladium lost $10.80, or 1.5 percent, to $697.15 per ounce.

The exception was platinum. Platinum for April delivery rose $11.90 to $1,579.90 per ounce.