Commodities market update: USO ETF leads gains
USO ETF led tracked commodities higher while GLD and SLV fell; two US macro releases are scheduled for Thu Oct 29.
Where prices stand
The USO ETF (tracks WTI Crude Oil; its price is NOT the WTI Crude Oil level) rose 2.53% from the prior close to $168.03. The BNO ETF (tracks Brent Crude; its price is NOT the Brent Crude level) rose 1.62% from the prior close to $70.80, the SLV ETF (tracks Silver; its price is NOT the Silver level) fell 1.59% from the prior close to $48.38 and the GLD ETF (tracks Gold; its price is NOT the Gold level) fell 0.62% from the prior close to $369.99. The UNG ETF (tracks Natural Gas; its price is NOT the Natural Gas level) fell 1.04% from the prior close to $9.5400, and the CPER ETF (tracks Copper; its price is NOT the Copper level) was little changed from the prior close at $40.06. The UUP ETF (tracks US Dollar Index; its price is NOT the US Dollar Index level) rose 0.07% from the prior close to $29.14. Prices are shown as of Oct 28, 18:41 UTC.
| Instrument | Last | 5-session change | Latest change | As of | Source |
|---|---|---|---|---|---|
| Gold (via GLD ETF) | $369.99 | -1.42% | -0.62% | Oct 28, 18:30 UTC | Finnhub |
| Silver (via SLV ETF) | $48.38 | -5.68% | -1.59% | Oct 28, 18:30 UTC | Finnhub |
| WTI Crude Oil (via USO ETF) | $168.03 | +13.10% | +2.53% | Oct 28, 18:30 UTC | Finnhub |
| Brent Crude (via BNO ETF) | $70.80 | -8.40% | +1.62% | Oct 28, 18:30 UTC | Finnhub |
| Natural Gas (via UNG ETF) | $9.5400 | -1.27% | -1.04% | Oct 28, 18:30 UTC | Finnhub |
| Copper (via CPER ETF) | $40.06 | +0.75% | +0.03% | Oct 28, 18:29 UTC | Finnhub |
Trend check
WTI Crude Oil is marked bullish with RSI(14) 62.5; last close 107.89, 50-day SMA 94.53 and long SMA 86.42. Brent Crude is neutral with RSI(14) 45.1; last close 115.22, 50-day SMA 111.01 and long SMA 95.84. Natural Gas is neutral with RSI(14) 50.9; last close 3.1000, 50-day SMA 2.9632 and long SMA 3.4653.
| Instrument | Close | SMA50 | Long SMA | RSI(14) | Trend status |
|---|---|---|---|---|---|
| WTI Crude Oil | 107.89 | 94.53 | 86.42 | 62.5 | bullish |
| Brent Crude | 115.22 | 111.01 | 95.84 | 45.1 | neutral |
| Natural Gas | 3.1000 | 2.9632 | 3.4653 | 50.9 | neutral |
Trend status is a rules-based classification of moving averages and MACD on daily closes (as of Oct 27, 22:41 UTC); it is not a recommendation.
In the news
Reuters reported 'US regulator proposes new rules to speed up LNG projects.' Yahoo published 'What Does Anthropic’s IPO Filing Have to Do With the Copper Price?'
- US regulator proposes new rules to speed up LNG projects — Reuters, Oct 28, 13:11 UTC
- What Does Anthropic’s IPO Filing Have to Do With the Copper Price? — Yahoo, Oct 28, 15:43 UTC
What to watch
Two US macro releases are scheduled for Thu Oct 29 (time not confirmed): GDP (BEA) and Personal income and outlays / PCE (BEA).
- Thu Oct 29 (time not confirmed) — GDP (BEA) (US) (source)
- Thu Oct 29 (time not confirmed) — Personal income and outlays / PCE (BEA) (US) (source)
Sources and data
- Reuters (secondary source) — US regulator proposes new rules to speed up LNG projects
- Yahoo (secondary source) — What Does Anthropic’s IPO Filing Have to Do With the Copper Price?
- Finnhub (market data) — market data
- U.S. Energy Information Administration via FRED (primary source) — calendar
- U.S. Bureau of Labor Statistics (primary source) — calendar
- Federal Reserve (primary source) — calendar
Market data as of Oct 28, 18:30 UTC; report generated Oct 28, 18:41 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
Exchange-traded fund (ETF)
A fund that trades on a stock exchange like a share, usually tracking an index, sector, commodity or strategy.
Price-to-earnings ratio (P/E)
Share price divided by earnings per share.
WTI crude
West Texas Intermediate, a light, sweet (low-sulphur) US crude oil and the main US price benchmark.
Brent crude
The international crude oil benchmark, based on a basket of North Sea grades and traded as futures on ICE.
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.
Sources & data
- Reuters (secondary, retrieved Oct 28, 2026, 06:46 PM UTC)
- Yahoo (secondary, retrieved Oct 28, 2026, 06:46 PM UTC)
- Finnhub (market-data, retrieved Oct 28, 2026, 06:46 PM UTC)
- U.S. Energy Information Administration via FRED (primary, retrieved Oct 28, 2026, 06:46 PM UTC)
- U.S. Bureau of Labor Statistics (primary, retrieved Oct 28, 2026, 06:46 PM UTC)
- Federal Reserve (primary, retrieved Oct 28, 2026, 06:46 PM UTC)
Market data as of Oct 28, 2026, 06:30 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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