Commodities update: Brent proxy BNO ETF falls 6.47%
Finnhub pricing shows Brent’s ETF led declines while silver and gold proxies rose as of Nov 2, 16:31 UTC; WTI, natural gas and copper moved less sharply.
Where prices stand
Finnhub shows, as of Nov 2, 16:31 UTC, the BNO ETF (tracks Brent Crude) fell 6.47% from the prior close to $66.77, the largest move among tracked commodities. The USO ETF (tracks WTI Crude Oil) fell 5.97% from the prior close to $158.75. The SLV ETF (tracks Silver) rose 3.21% from the prior close to $46.03 and the GLD ETF (tracks Gold) rose 2.14% from the prior close to $363.38. The CPER ETF (tracks Copper) rose 1.46% from the prior close to $39.56, and the UNG ETF (tracks Natural Gas) rose 0.99% from the prior close to $9.1700.
| Instrument | Last | 5-session change | Latest change | As of | Source |
|---|---|---|---|---|---|
| Gold (via GLD ETF) | $363.38 | -2.95% | +2.14% | Nov 2, 16:31 UTC | Finnhub |
| Silver (via SLV ETF) | $46.03 | -8.46% | +3.21% | Nov 2, 16:31 UTC | Finnhub |
| WTI Crude Oil (via USO ETF) | $158.75 | -4.19% | -5.97% | Nov 2, 16:31 UTC | Finnhub |
| Brent Crude (via BNO ETF) | $66.77 | +6.84% | -6.47% | Nov 2, 16:31 UTC | Finnhub |
| Natural Gas (via UNG ETF) | $9.1700 | -10.97% | +0.99% | Nov 2, 16:31 UTC | Finnhub |
| Copper (via CPER ETF) | $39.56 | -0.18% | +1.46% | Nov 2, 16:30 UTC | Finnhub |
Trend check
Finnhub shows WTI Crude Oil is bullish with RSI(14) 53.4; close 103.37, 50-day SMA 96.61 and long SMA 87.62. Finnhub shows Brent Crude is neutral with RSI(14) 52.1; close 123.10, 50-day SMA 114.21 and long SMA 97.34. Finnhub shows Natural Gas is bearish with RSI(14) 42.0; close 2.7600, 50-day SMA 2.9638 and long SMA 3.4626.
| Instrument | Close | SMA50 | Long SMA | RSI(14) | Trend status |
|---|---|---|---|---|---|
| WTI Crude Oil | 103.37 | 96.61 | 87.62 | 53.4 | bullish |
| Brent Crude | 123.10 | 114.21 | 97.34 | 52.1 | neutral |
| Natural Gas | 2.7600 | 2.9638 | 3.4626 | 42.0 | bearish |
Trend status is a rules-based classification of moving averages and MACD on daily closes (as of Nov 1, 22:41 UTC); it is not a recommendation.
In the news
Reuters published a commentary headlined "COMMENTARY: Asia's crude oil imports back to pre-war levels but refined fuels lag". Reuters also ran a snapshot titled "SNAPSHOT US stock index futures jump as oil falls about 6%", and Yahoo published "Stock Futures Higher, Oil Lower as Investors Return to Risk" and "Stock Market Today: Dow Rallies As Amazon Pops; Oil Stocks Skid On These Hopes (Live Coverage)".
- COMMENTARY: Asia's crude oil imports back to pre-war levels but refined fuels lag — Reuters, Nov 2, 14:50 UTC
- SNAPSHOT US stock index futures jump as oil falls about 6% — Reuters, Nov 2, 14:00 UTC
- Stock Futures Higher, Oil Lower as Investors Return to Risk — Yahoo, Nov 2, 13:03 UTC
- Stock Market Today: Dow Rallies As Amazon Pops; Oil Stocks Skid On These Hopes (Live Coverage) — Yahoo, Nov 2, 15:25 UTC
Sources and data
- Reuters (secondary source) — COMMENTARY: Asia's crude oil imports back to pre-war levels but refined fuels lag
- Yahoo (secondary source) — Stock Futures Higher, Oil Lower as Investors Return to Risk
- 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 2, 16:31 UTC; report generated Nov 2, 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
Exchange-traded fund (ETF)
A fund that trades on a stock exchange like a share, usually tracking an index, sector, commodity or strategy.
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.
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
- Reuters (secondary, retrieved Nov 2, 2026, 04:45 PM UTC)
- Yahoo (secondary, retrieved Nov 2, 2026, 04:45 PM UTC)
- Finnhub (market-data, retrieved Nov 2, 2026, 04:45 PM UTC)
- U.S. Bureau of Labor Statistics (primary, retrieved Nov 2, 2026, 04:45 PM UTC)
- U.S. Energy Information Administration via FRED (primary, retrieved Nov 2, 2026, 04:45 PM UTC)
- Federal Reserve (primary, retrieved Nov 2, 2026, 04:45 PM UTC)
Market data as of Nov 2, 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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