Commodities update: Brent leads gains on Friday
Brent and WTI rose while natural gas and metals slipped; market prices are reported as of Oct 16, 18:00 UTC.
Where prices stand
As of Oct 16, 18:00 UTC, per Finnhub: the BNO ETF, which tracks Brent Crude, was $67.08 and rose 3.42% from the prior close. The USO ETF, which tracks WTI Crude Oil, was $161.21 and rose 2.48% from the prior close. The UNG ETF, which tracks Natural Gas, was $10.72 and fell 3.34% from the prior close. The GLD ETF, which tracks Gold, was $381.70 and fell 0.26% from the prior close. The SLV ETF, which tracks Silver, was $51.61 and fell 0.60% from the prior close. The CPER ETF, which tracks Copper, was $39.52 and rose 0.18% from the prior close.
| Instrument | Last | 5-session change | Latest change | As of | Source |
|---|---|---|---|---|---|
| Gold (via GLD ETF) | $381.70 | +1.08% | -0.26% | Oct 16, 18:00 UTC | Finnhub |
| Silver (via SLV ETF) | $51.61 | -2.86% | -0.60% | Oct 16, 18:00 UTC | Finnhub |
| WTI Crude Oil (via USO ETF) | $161.21 | +7.25% | +2.48% | Oct 16, 18:00 UTC | Finnhub |
| Brent Crude (via BNO ETF) | $67.08 | +0.44% | +3.42% | Oct 16, 18:00 UTC | Finnhub |
| Natural Gas (via UNG ETF) | $10.72 | +1.90% | -3.34% | Oct 16, 18:00 UTC | Finnhub |
| Copper (via CPER ETF) | $39.52 | -0.03% | +0.18% | Oct 16, 18:00 UTC | Finnhub |
Trend check
MarketAlleys trend signals show WTI Crude Oil is bullish with RSI(14) 58.5; its close 101.91 sits above sma50 92.59 and longSma 85.49. Brent Crude is neutral with RSI(14) 57.4 and close 126.55 above sma50 108.55 and longSma 94.68. Natural Gas is neutral with RSI(14) 59.4 and close 3.2200 between sma50 2.9148 and longSma 3.4811.
| Instrument | Close | SMA50 | Long SMA | RSI(14) | Trend status |
|---|---|---|---|---|---|
| WTI Crude Oil | 101.91 | 92.59 | 85.49 | 58.5 | bullish |
| Brent Crude | 126.55 | 108.55 | 94.68 | 57.4 | neutral |
| Natural Gas | 3.2200 | 2.9148 | 3.4811 | 59.4 | neutral |
Trend status is a rules-based classification of moving averages and MACD on daily closes (as of Oct 15, 22:40 UTC); it is not a recommendation.
In the news
Reuters reported that the US solicits exchange of up to 17 million barrels of oil from the strategic reserve (https://news.google.com/rss/articles/CBMitwFBVV95cUxQeFNXdnRkamV3Q2plZzU5UHl3LUlPa2hxTVY1VTA5dXU2UXUxWG5DekxOY0ZrWlNobFBDNTRQR2xrTHRZbEJMZUd1dzRQSUd0ZmQ1TDRtTE9YcmRoRVEzUkhrQjhUX01DVk8zdU5saFJEc1NDUWFXcFhsbmFZRlQ0b1FGdm9nTnFGSDAwWUxVMDVJeHZXalROYmNNdlVJLWxxaEloOWtLWUsxOWlzbTFmSWhHMHVaRGM?oc=5).
- US solicits exchange of up to 17 million barrels of oil from strategic reserve — Reuters, Oct 16, 16:02 UTC
Sources and data
- Reuters (secondary source) — US solicits exchange of up to 17 million barrels of oil from strategic reserve
- Finnhub (market data) — market data
- Federal Reserve (primary source) — calendar
- U.S. Energy Information Administration via FRED (primary source) — calendar
- U.S. Bureau of Labor Statistics (primary source) — calendar
Market data as of Oct 16, 18:00 UTC; report generated Oct 16, 18:00 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
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.
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 16, 2026, 06:02 PM UTC)
- Finnhub (market-data, retrieved Oct 16, 2026, 06:02 PM UTC)
- Federal Reserve (primary, retrieved Oct 16, 2026, 06:02 PM UTC)
- U.S. Energy Information Administration via FRED (primary, retrieved Oct 16, 2026, 06:02 PM UTC)
- U.S. Bureau of Labor Statistics (primary, retrieved Oct 16, 2026, 06:02 PM UTC)
Market data as of Oct 16, 2026, 06:00 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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