Commodities market update — Nov 9, 16:00 UTC
Natural gas led gains while Brent and WTI fell; gold, silver and copper posted modest rises as of late Nov 9 pricing.
Where prices stand
The UNG ETF, which tracks Natural Gas, rose 6.74% from the prior close to $9.9800, the largest move. The BNO ETF, which tracks Brent Crude, fell 4.47% from the prior close to $59.44, and the USO ETF, which tracks WTI Crude Oil, fell 3.36% from the prior close to $143.42. The CPER ETF, which tracks Copper, rose 1.46% from the prior close to $38.22; the SLV ETF, which tracks Silver, rose 1.43% from the prior close to $47.54; the GLD ETF, which tracks Gold, rose 1.25% from the prior close to $377.16. Figures are as of Nov 9, 16:31 UTC, except the CPER ETF at Nov 9, 16:30 UTC.
| Instrument | Last | 5-session change | Latest change | As of | Source |
|---|---|---|---|---|---|
| Gold (via GLD ETF) | $377.16 | +4.71% | +1.25% | Nov 9, 16:31 UTC | Finnhub |
| Silver (via SLV ETF) | $47.54 | +5.09% | +1.43% | Nov 9, 16:31 UTC | Finnhub |
| WTI Crude Oil (via USO ETF) | $143.42 | -3.61% | -3.36% | Nov 9, 16:31 UTC | Finnhub |
| Brent Crude (via BNO ETF) | $59.44 | -13.05% | -4.47% | Nov 9, 16:31 UTC | Finnhub |
| Natural Gas (via UNG ETF) | $9.9800 | -4.71% | +6.74% | Nov 9, 16:31 UTC | Finnhub |
| Copper (via CPER ETF) | $38.22 | -3.39% | +1.46% | Nov 9, 16:30 UTC | Finnhub |
Trend check
WTI Crude Oil is neutral: RSI(14) 47.3, close 99.64, SMA50 98.25 and long-term SMA 88.71. Brent Crude is neutral: RSI(14) 38.8, close 107.03, SMA50 116.17 and long-term SMA 98.50. Natural Gas is bearish: RSI(14) 42.3, close 2.6300, SMA50 2.9394 and long-term SMA 3.4532; these values are presented as reference points only.
| Instrument | Close | SMA50 | Long SMA | RSI(14) | Trend status |
|---|---|---|---|---|---|
| WTI Crude Oil | 99.64 | 98.25 | 88.71 | 47.3 | neutral |
| Brent Crude | 107.03 | 116.17 | 98.50 | 38.8 | neutral |
| Natural Gas | 2.6300 | 2.9394 | 3.4532 | 42.3 | bearish |
Trend status is a rules-based classification of moving averages and MACD on daily closes (as of Nov 8, 22:41 UTC); it is not a recommendation.
In the news
Forexlive published a European news wrap on fresh US-Iran developments and the looming US CPI. rttnews.com ran an item saying a steep drop in oil prices may lead to an extended rebound on Wall Street. Yahoo published items noting a tech rally alongside coverage of oil prices sliding and live market moves.
- investingLive European news wrap: Markets await fresh US-Iran developments, US CPI data — Forexlive, Nov 9, 12:39 UTC
- Tech stocks rally as Nvidia stock and oil prices fall: AlphaCheck — Yahoo, Nov 9, 15:22 UTC
- Steep Drop In Oil Prices May Lead To Extended Rebound On Wall Street — rttnews.com, Nov 9, 13:56 UTC
- Stock Market Today: Dow Rallies As Oil Prices Slide; Nvidia Stock Dives On CEO Huang Probe (Live Coverage) — Yahoo, Nov 9, 13:53 UTC
What to watch
The US Consumer Price Index is scheduled for Tue Nov 10, 13:30 UTC (macro, US, importance high, source: bls). This release is the next scheduled high-importance item on the calendar for commodities traders and is presented here as scheduled information only.
- Tue Nov 10, 13:30 UTC — Consumer Price Index (US) (source)
Sources and data
- Forexlive (secondary source) — investingLive European news wrap: Markets await fresh US-Iran developments, US CPI data
- Yahoo (secondary source) — Tech stocks rally as Nvidia stock and oil prices fall: AlphaCheck
- rttnews.com (secondary source) — Steep Drop In Oil Prices May Lead To Extended Rebound On Wall Street
- Finnhub (market data) — market data
- U.S. Bureau of Labor Statistics (primary source) — calendar
- U.S. Energy Information Administration via FRED (primary source) — calendar
- Federal Reserve (primary source) — calendar
Market data as of Nov 9, 16:31 UTC; report generated Nov 9, 16:40 UTC. All times are UTC. Each table row shows its own timestamp and provider.
This report was produced by the MarketAlleys Research Desk using automated data processing and language tools from the sources listed above, and checked against our automated-content validation rules. It is for information only and is not investment advice.
Terms in this article
Gold (XAU)
A precious metal held as a store of value, a hedge against currency debasement and a safe haven, as well as used in jewellery and industry.
Price-to-earnings ratio (P/E)
Share price divided by earnings per share.
Exchange-traded fund (ETF)
A fund that trades on a stock exchange like a share, usually tracking an index, sector, commodity or strategy.
Brent crude
The international crude oil benchmark, based on a basket of North Sea grades and traded as futures on ICE.
WTI crude
West Texas Intermediate, a light, sweet (low-sulphur) US crude oil and the main US price benchmark.
Sources & data
- Forexlive (secondary, retrieved Nov 9, 2026, 04:41 PM UTC)
- Yahoo (secondary, retrieved Nov 9, 2026, 04:41 PM UTC)
- rttnews.com (secondary, retrieved Nov 9, 2026, 04:41 PM UTC)
- Finnhub (market-data, retrieved Nov 9, 2026, 04:41 PM UTC)
- U.S. Bureau of Labor Statistics (primary, retrieved Nov 9, 2026, 04:41 PM UTC)
- U.S. Energy Information Administration via FRED (primary, retrieved Nov 9, 2026, 04:41 PM UTC)
- Federal Reserve (primary, retrieved Nov 9, 2026, 04:41 PM UTC)
Market data as of Nov 9, 2026, 04:31 PM UTC.
This report was produced by the MarketAlleys Research Desk using automated data processing and language tools, built only from the cited sources and validated by rules described in our methodology. Spot an error? Request a correction.
Ask about this story
Questions are answered only from this article and the sources it cites.
MarketAlleys provides news and analysis for information only; it is not investment advice or a recommendation to buy or sell any security. Markets involve risk. Risk disclaimer.
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