Metals, energy prices end mostly higher

AP News
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Posted: May 08, 2013 5:02 PM

Prices for metals and energy futures are ending mostly higher, while grains and beans are mixed.

Gold for June delivery rose $24.90, or 1.7 percent, to settle at $1,473.70 Wednesday.

Other metals also rose, including copper, silver, platinum and palladium.

The price of crude oil rose to the highest level in more than a month after the government reported U.S. crude supplies increased less than analysts expected.

Benchmark crude for June delivery rose $1 to finish at $96.62 a barrel. It hasn't settled that high since April 2.

Oil supplies increased by 200,000 barrels to 395.5 million barrels last week, 4.2 percent above year-ago levels, the Energy Department reported. Analysts were expecting an increase of 1.9 million barrels in the week ended May 3.

Grains and beans futures ended mixed.