Share “Wheat falls for third day on rain forecasts”

Wheat falls for third day on rain forecasts

Published on NewsOK Modified: February 4, 2013 at 3:50 pm •  Published: February 4, 2013

Silver for March delivery fell 24.2 cents, or 0.8 percent, to $31.7160 an ounce. March copper fell 1.6 cents to $3.7685 a pound.

In energy trading, oil fell below $97 a barrel Monday on signs that the U.S. and Iran may restart nuclear negotiations. Oil futures had been rising steadily from around $86 a barrel in mid-December as hopes rose for an improving world economy, climbing close to $100 at the end of January.

Benchmark oil for March delivery fell $1.60, or 1.6 percent, to $96.17.

In other energy trading, heating oil and wholesale gasoline also fell, while natural gas rose.

March heating oil declined a fraction of a cent, or 0.2 percent, to finish at $3.1540 a gallon, and wholesale gasoline for March delivery dropped 4.2 cents, or 1.4 percent, to end the day at $3.0115 a gallon.

Natural gas for March delivery rose 1.4 cents, or 0.4 percent, to end at $3.3150 per 1,000 cubic feet.