Commodities update: Silver leads gains at Oct 15, 14:01 UTC

Where prices stand

Silver led commodity moves: the SLV ETF, which tracks Silver, was $51.05 and rose 1.65% from the prior close, followed by the GLD ETF, which tracks Gold, at $380.74 and rose 1.26% from the prior close. At Oct 15, 14:01 UTC the USO ETF, which tracks WTI Crude Oil, was $154.20 and rose 0.42% from the prior close; the BNO ETF, which tracks Brent Crude, was $64.18 and fell 1.35% from the prior close; the UNG ETF, which tracks Natural Gas, was $11.15 and fell 0.62% from the prior close; the CPER ETF, which tracks Copper, was $39.31 and fell 0.88% from the prior close.

Trend check

Finnhub shows neutral trend status for the three commodities with signals: WTI Crude Oil has RSI(14) 51.3 with close 96.24, 50-day average 90.67 and long-term average 84.25; Brent Crude has RSI(14) 58.7 with close 125.44, 50-day average 104.01 and long-term average 92.72; Natural Gas has RSI(14) 53.5 with close 3.0300, 50-day average 2.8560 and long-term average 3.4950.

Trend status is a rules-based classification of moving averages and MACD on daily closes (as of Oct 14, 22:40 UTC); it is not a recommendation.

In the news

Reuters reported "Oil shipping costs spike, lifting prices from pump to grocery." businessinsider.com ran "Oil Prices and AI Are Making US Inflation Harder for the Fed to Tame." economictimes.indiatimes.com reported "Edible oil refiners set to clock 10 - 12 % revenue growth in FY27 despite duty cut : Report," and en.apa.az published "ING : $10 rise in oil prices could increase Azerbaijan exports by 2 – 4 % of GDP."

• Oil shipping costs spike, lifting prices from pump to grocery — Reuters, Oct 15, 10:18 UTC (also reported by aol.com)
• Oil Prices and AI Are Making US Inflation Harder for the Fed to Tame — businessinsider.com, Oct 15, 11:45 UTC
• Edible oil refiners set to clock 10 - 12 % revenue growth in FY27 despite duty cut : Report — economictimes.indiatimes.com, Oct 15, 13:00 UTC
• ING : $10 rise in oil prices could increase Azerbaijan exports by 2 – 4 % of GDP — en.apa.az, Oct 15, 12:45 UTC

Sources and data

• Reuters (secondary source) — Oil shipping costs spike, lifting prices from pump to grocery
• businessinsider.com (secondary source) — Oil Prices and AI Are Making US Inflation Harder for the Fed to Tame
• economictimes.indiatimes.com (secondary source) — Edible oil refiners set to clock 10 - 12 % revenue growth in FY27 despite duty cut : Report
• en.apa.az (secondary source) — ING : $10 rise in oil prices could increase Azerbaijan exports by 2 – 4 % of GDP
• Finnhub (market data) — market data
• U.S. Energy Information Administration via FRED (primary source) — calendar
• Federal Reserve (primary source) — calendar

Market data as of Oct 15, 14:01 UTC; report generated Oct 15, 14:01 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.