Commodities end mixed ahead of Memorial Day

AP News
Posted: May 23, 2014 5:05 PM

Commodities ended little changed in quiet trading Friday ahead of the Memorial Day holiday in the U.S.

Oil edged above $104 a barrel, metals ended mostly lower and grain and bean futures were mixed.

Benchmark U.S. crude for July delivery gained 61 cents to $104.35 a barrel in New York.

In other energy trading, wholesale gasoline rose 2 cents to $3.02 a gallon, natural gas rose 5 cents to $4.41 per 1,000 cubic feet and heating oil was flat at $2.95 a gallon.

Gold for delivery in June dropped $3.30 to $1,291.70 an ounce and July silver slipped 10 cents to $19.42 an ounce.

Copper for July delivery added three cents to $3.17 a pound, July platinum fell $20.30 to $1,472.80 an ounce and June palladium fell $5 to $831.45 an ounce.

In trading of agricultural contracts, wheat fell seven cents to $6.53 a bushel, corn fell a penny to $4.78 a bushel and soybeans dropped three cents to $15.16 a bushel.

U.S. financial markets will be closed Monday for Memorial Day.