Commodities update, Nov 3: Copper leads losses
Copper fell the most in the Nov 3 session while oil and natural gas showed mixed moves; headlines flagged stock and copper stories and the US Employment Situation is due Friday.
Where prices stand
Copper led the session: the CPER ETF was $38.47 and fell 2.29% from the prior close. The SLV ETF was $44.82 and fell 1.65% from the prior close, while the GLD ETF was $359.67 and fell 0.55% from the prior close. The USO ETF was $157.63 and rose 0.48% from the prior close, the UNG ETF was $9.1100 and rose 1.22% from the prior close, and the BNO ETF was $65.81 and fell 0.21% from the prior close. Most quotes are as of Nov 3, 19:30 UTC.
| Instrument | Last | 5-session change | Latest change | As of | Source |
|---|---|---|---|---|---|
| Gold (via GLD ETF) | $359.67 | -1.68% | -0.55% | Nov 3, 19:30 UTC | Finnhub |
| Silver (via SLV ETF) | $44.82 | -6.35% | -1.65% | Nov 3, 19:30 UTC | Finnhub |
| WTI Crude Oil (via USO ETF) | $157.63 | -4.19% | +0.48% | Nov 3, 19:30 UTC | Finnhub |
| Brent Crude (via BNO ETF) | $65.81 | +6.84% | -0.21% | Nov 3, 19:29 UTC | Finnhub |
| Natural Gas (via UNG ETF) | $9.1100 | -10.97% | +1.22% | Nov 3, 19:30 UTC | Finnhub |
| Copper (via CPER ETF) | $38.47 | -0.05% | -2.29% | Nov 3, 19:27 UTC | Finnhub |
Trend check
Finnhub shows WTI Crude Oil status bullish with RSI(14) 53.4; the close 103.37 sits above SMA50 96.61 and longSma 87.62. Brent Crude is neutral with RSI(14) 52.1 and a close of 123.10 above SMA50 114.21 and longSma 97.34. Natural Gas is bearish with RSI(14) 42.0 and a close of 2.7600 below SMA50 2.9638 and longSma 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 2, 22:41 UTC); it is not a recommendation.
In the news
Economictimes.indiatimes.com published a market article headlined "US stocks today: S&P 500, Nasdaq open higher as oil prices extend declines, midterms on tap." Yahoo carried an Investing.com item headlined "JPMorgan Highlights Top Copper Stocks Amid U.S. Supply Push."
- US stocks today: S&P 500, Nasdaq open higher as oil prices extend declines, midterms on tap — economictimes.indiatimes.com, Nov 3, 14:38 UTC
- JPMorgan Highlights Top Copper Stocks Amid U.S. Supply Push — Yahoo, Nov 3, 16:42 UTC
What to watch
The US Employment Situation is scheduled Fri Nov 6, 13:30 UTC, according to bls; it is the next high-importance macro release listed for markets to monitor.
- Fri Nov 6, 13:30 UTC — Employment Situation (US) (source)
Sources and data
- economictimes.indiatimes.com (secondary source) — US stocks today: S&P 500, Nasdaq open higher as oil prices extend declines, midterms on tap
- Yahoo (secondary source) — JPMorgan Highlights Top Copper Stocks Amid U.S. Supply Push
- 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 3, 19:30 UTC; report generated Nov 3, 19:30 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
- economictimes.indiatimes.com (secondary, retrieved Nov 3, 2026, 07:31 PM UTC)
- Yahoo (secondary, retrieved Nov 3, 2026, 07:31 PM UTC)
- Finnhub (market-data, retrieved Nov 3, 2026, 07:31 PM UTC)
- U.S. Bureau of Labor Statistics (primary, retrieved Nov 3, 2026, 07:31 PM UTC)
- U.S. Energy Information Administration via FRED (primary, retrieved Nov 3, 2026, 07:31 PM UTC)
- Federal Reserve (primary, retrieved Nov 3, 2026, 07:31 PM UTC)
Market data as of Nov 3, 2026, 07:30 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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