Oil, natural gas futures higher; Gold falls

Published on NewsOK Modified: January 28, 2014 at 5:05 pm •  Published: January 28, 2014

Crude oil and natural gas futures rose Tuesday, reversing declines from the day before. Gold futures rose, and agricultural commodities were mixed.

U.S. crude for March delivery gained $1.69, or 1.8 percent, to close at $97.41 on the New York Mercantile Exchange.

Natural gas rose 19 cents to $5.03 per 1,000 cubic feet.

Other energy prices also rose. Wholesale gasoline rose 1 cent to $2.63 a gallon. Heating oil gained 3 cents to $3.12 a gallon.

Energy prices are rising as more cold weather swept across the northern tier of the country.

In metals trading, gold for February delivery fell $12.60 to $1,250.80 an ounce. Silver for March delivery fell 29 cents to $19.50 an ounce.

High-grade copper fell half a penny to $3.25 a pound. April platinum fell $11.70 to $1,409.40 an ounce and March palladium fell $6.05 to $716.50 an ounce.

Agricultural futures were mixed.

Corn for March delivery edged up a quarter of a cent to $4.32 a bushel, March wheat rose 2.5 cents to $5.66 a bushel. March soybeans edged down 2.25 cents to $12.855 a bushel.