Commodities update: Copper leads gains as oil and gas retreat
Copper led commodity gains while WTI, Brent and natural gas fell; prices and trend metrics are from Finnhub and upcoming macro events are listed by their publishers.
Where prices stand
As of Oct 27, 16:00 UTC, according to Finnhub, the biggest move was CPER ETF (tracks Copper), which rose 1.52% from the prior close to $39.99. GLD ETF (tracks Gold) rose 1.25% from the prior close to $372.41. SLV ETF (tracks Silver) rose 1.15% from the prior close to $49.22. USO ETF (tracks WTI Crude Oil) fell 1.70% from the prior close to $163.41. BNO ETF (tracks Brent Crude) fell 1.06% from the prior close to $69.33. UNG ETF (tracks Natural Gas) fell 0.84% from the prior close to $9.4800.
| Instrument | Last | 5-session change | Latest change | As of | Source |
|---|---|---|---|---|---|
| Gold (via GLD ETF) | $372.41 | -3.13% | +1.25% | Oct 27, 16:00 UTC | Finnhub |
| Silver (via SLV ETF) | $49.22 | -5.59% | +1.15% | Oct 27, 16:00 UTC | Finnhub |
| WTI Crude Oil (via USO ETF) | $163.41 | +13.10% | -1.70% | Oct 27, 16:00 UTC | Finnhub |
| Brent Crude (via BNO ETF) | $69.33 | -8.40% | -1.06% | Oct 27, 16:00 UTC | Finnhub |
| Natural Gas (via UNG ETF) | $9.4800 | -1.27% | -0.84% | Oct 27, 16:00 UTC | Finnhub |
| Copper (via CPER ETF) | $39.99 | -0.45% | +1.52% | Oct 27, 16:00 UTC | Finnhub |
Trend check
Finnhub shows WTI Crude Oil is bullish with RSI(14) 62.5, close 107.89, SMA50 94.53 and longSma 86.42; Brent Crude is neutral with RSI(14) 45.1, close 115.22, SMA50 111.01 and longSma 95.84; Natural Gas is neutral with RSI(14) 50.9, close 3.1000, SMA50 2.9632 and longSma 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 26, 22:41 UTC); it is not a recommendation.
In the news
Reuters reported Yemen's Houthis say they hit Saudi Ras Tanura oil refinery with missile. Reuters reported US stock futures gain as oil pulls back ahead of Fed decision. thehindubusinessline.com reported Gold retreats on stronger dollar; traders brace for Fed.
- Yemen's Houthis say they hit Saudi Ras Tanura oil refinery with missile — Reuters, Oct 27, 14:36 UTC
- US stock futures gain as oil pulls back ahead of Fed decision — Reuters, Oct 27, 11:27 UTC
- Mapping the Market: Oil may be in for a slide — Reuters, Oct 27, 10:06 UTC
- Gold retreats on stronger dollar; traders brace for Fed — thehindubusinessline.com, Oct 27, 10:18 UTC
What to watch
The federalreserve has the FOMC rate decision scheduled Wed Oct 28, 18:00 UTC; fred has Personal income and outlays / PCE (BEA) scheduled Thu Oct 29 (time not confirmed) and fred has GDP (BEA) scheduled Thu Oct 29 (time not confirmed).
- Wed Oct 28, 18:00 UTC — FOMC rate decision (US) (source)
- Thu Oct 29 (time not confirmed) — Personal income and outlays / PCE (BEA) (US) (source)
- Thu Oct 29 (time not confirmed) — GDP (BEA) (US) (source)
Sources and data
- Reuters (secondary source) — Yemen's Houthis say they hit Saudi Ras Tanura oil refinery with missile
- thehindubusinessline.com (secondary source) — Gold retreats on stronger dollar; traders brace for Fed
- 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 27, 16:00 UTC; report generated Oct 27, 16:00 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.
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.
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.
Sources & data
- Reuters (secondary, retrieved Oct 27, 2026, 04:05 PM UTC)
- thehindubusinessline.com (secondary, retrieved Oct 27, 2026, 04:05 PM UTC)
- Finnhub (market-data, retrieved Oct 27, 2026, 04:05 PM UTC)
- Federal Reserve (primary, retrieved Oct 27, 2026, 04:05 PM UTC)
- U.S. Energy Information Administration via FRED (primary, retrieved Oct 27, 2026, 04:05 PM UTC)
- U.S. Bureau of Labor Statistics (primary, retrieved Oct 27, 2026, 04:05 PM UTC)
Market data as of Oct 27, 2026, 04:00 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.
Was this useful?
Report an issue with this article
Related coverage
Solana leads 24-hour crypto gains
Solana rose 2.22% over 24 hours to $102.12 as of Oct 28, 07:59 UTC; bitcoin, ether and XRP also logged gains in the same window.
MarketAlleys Research Desk · · 2 min read
Crypto market update: Solana leads gains as bitcoin nears $81,000
Solana led crypto gains, rising 2.42% over 24 hours as of Oct 28, 07:00 UTC; XRP, Ether and Bitcoin also rose over 24 hours.
MarketAlleys Research Desk · · 2 min read
Crypto update: XRP leads 24-hour gains as bitcoin trades near $80,798
At Oct 28, 06:00 UTC, XRP rose 1.94% over 24 hours while Solana, ether and bitcoin also posted gains, according to CoinGecko.
MarketAlleys Research Desk · · 2 min read
MarketAlleys Daily Brief, Wednesday, October 28, 2026: FOMC decision and major earnings scheduled
US ETFs were mixed at the prior close, crypto climbed over 24 hours and oil and gold moved as markets look to a scheduled FOMC decision and several big tech earnings today.
MarketAlleys Research Desk · · 8 min read