NEW YORK (AP) — Crude oil and copper prices rose Tuesday following the latest positive signs that the U.S. economy was improving.
Increases in orders for manufactured goods and new home sales last month suggested that a pickup in the economy could cause demand for energy and basic building materials to rise.
Oil for February delivery rose 31 cents, 0.3 percent, to close at $99.22 in a shortened session on the New York Mercantile Exchange.
U.S. financial markets will be closed Wednesday for Christmas.
In other energy trading, wholesale gasoline rose 3 cents, 1.2 percent, to $2.81 a gallon, heating oil rose 2 cents, 0.5 percent, to $3.07 a gallon and natural gas fell 5 cents, or 1.1 percent, to $4.469 per 1,000 cubic feet.
In metals trading, the actively traded March contract for copper rose 6.65 cents, or 2 percent, to $3.374 a pound.
February gold rose $6.30, or 0.5 percent, to $1,203.30 an ounce. March silver rose 7.1 cents, or 0.4 percent, to $19.48 an ounce. January platinum rose $9.10, or 0.7 percent, to $1,336.50 an ounce
March palladium edged down 20 cents, less than 0.1 percent, to $695.45 an ounce
Crop futures were mixed.
Corn for March delivery rose a quarter of a penny, or 0.1 percent, to $4.345 a bushel, March soybeans rose three cents, or 0.2 percent, to $13.2275 a bushel. March wheat fell 3.25 cents, or 0.5 percent, to $6.0625 a bushel.
How Not To Be A Gun Owner - Bearing Arms - Crime, Texas, Training, Warning Shots
NATO ambassadors to Turkey: Why didn’t you just escort that Russian plane out of your airspace?
- What Is Your U.S. Income Percentile Ranking?
'Full of morons': DNC tries to politicize Thanksgiving, cries 'unclw' [pic]
Where Is Liberal Rage Over Mass Shooting In New Orleans? | RedState
Exposed: Obama’s Love for Jihadis and Hate for Christians | Human Events
Obamacare Architect: Okay Fine, Our Law Isn't Controlling Costs