Gold prices slide for 3rd straight week

Published on NewsOK Modified: February 22, 2013 at 2:58 pm •  Published: February 22, 2013

Grain prices fell. Wheat dropped 5.25 cents to $7.1875 a bushel, while corn fell half a penny to $6.9025 a bushel.

Soybeans fell 26.5 cents to $14.6125 per bushel.

In oil and gas futures, crude prices were little changed Friday after two days of steep losses. Benchmark crude for April delivery rose 29 cents to finish at $93.13 a barrel on the New York Mercantile Exchange. Brent crude, used to price oil that many U.S. refineries use to make gasoline, rose 57 cents at end at $114.10 a barrel on the ICE Futures exchange in London.

Encouraging news about the global economy helped oil prices stabilize. The European Commission said Friday that it expects the recession afflicting the 17 countries sharing the euro currency to bottom out during the first half of the year, then recover near the end of the year.

In other futures trading on the Nymex:

— Natural gas rose 4.5 cents to finish at $3.29 per 1,000 cubic feet.

— Heating oil was up less than 1 cent to end at $3.10 per gallon.

— Wholesale gasoline for April rose 3 cents to finish at $3.27 per gallon.