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Oil ends the week higher; Wheat, corn prices fall

Published on NewsOK Modified: January 17, 2014 at 3:33 pm •  Published: January 17, 2014

Energy prices are mostly higher as U.S. oil closes out the week with a 2 percent gain. Wheat and corn futures are lower, while metals prices are finishing higher.

The price of crude has risen this week as traders anticipate higher demand in the U.S. as the economy improves.

Benchmark crude for February delivery rose 41 cents to close at $94.37 Friday in New York.

In agricultural, wheat for March delivery fell 9.25 cents to $5.635 a bushel and corn for March fell 4 cents to $4.24 a bushel. Soybeans edged up 1.5 cents to $13.165 a bushel.

Gold for February rose $11.70 to $1,251.90 an ounce. March silver increased 25 cents to $20.30 an ounce.

High grade copper for March delivery was flat at $3.34 a pound.