Silver, platinum end higher; Oil climbs near $100

AP News
Posted: Dec 26, 2013 4:52 PM

NEW YORK (AP) — Silver and platinum futures ended higher Thursday, while the price of crude oil edged closer to $100 a barrel.

The actively traded March contract for silver rose 43.2 cents, or 2.2 percent, to $19.916 an ounce. Platinum for April delivery rose $27.20, or 2 percent, to $1,363.80 an ounce.

February gold rose $9, or 0.7 percent, to $1,212.30 an ounce.

In other metals trading, March copper rose 2.45 cents, or 0.7 percent, to $3.3985 a pound and March palladium rose $5.30, or 0.8 percent, to $700.75 an ounce.

U.S. crude oil rose 33 cents, or 0.3 percent, to $99.55 a barrel in New York.

Oil prices gained nearly 3 percent last week as optimism about the U.S. economic recovery lifted expectations for the country's energy demand.

Instability in South Sudan has led some analysts to predict the contract may top $100 a barrel for the first time since mid-October.

In other energy futures trading, wholesale gasoline rose 0.58 cent to $2.82 a gallon, heating oil inched up 1.7 cents at $3.09 a gallon and natural gas was up 1.7 cents to $4.43 per 1,000 cubic feet.

Crop prices fell. Corn for March delivery fell 8.25 cents, or 1.9 percent, to $4.2625 a bushel, March soybeans fell 17.5 cents, or 1.3 percent, to $13.0525 a bushel. March wheat edged down a quarter of a penny to $6.06 a bushel.