Commodities update: USO ETF rises 2.83% as of Oct 28, 17:00 UTC
WTI-led gains left the USO ETF up 2.83% from the prior close while other commodity ETFs were mixed as of Oct 28, 17:00 UTC.
Where prices stand
As of Oct 28, 17:00 UTC the USO ETF rose 2.83% from the prior close to $168.51. The BNO ETF rose 2.05% from the prior close to $71.10. The SLV ETF fell 1.32% from the prior close to $48.51. The GLD ETF fell 0.48% from the prior close to $370.51. The CPER ETF rose 0.22% from the prior close to $40.14. The UNG ETF fell 0.10% from the prior close to $9.6300.
| Instrument | Last | 5-session change | Latest change | As of | Source |
|---|---|---|---|---|---|
| Gold (via GLD ETF) | $370.51 | -1.42% | -0.48% | Oct 28, 17:00 UTC | Finnhub |
| Silver (via SLV ETF) | $48.51 | -5.68% | -1.32% | Oct 28, 17:00 UTC | Finnhub |
| WTI Crude Oil (via USO ETF) | $168.51 | +13.10% | +2.83% | Oct 28, 17:00 UTC | Finnhub |
| Brent Crude (via BNO ETF) | $71.10 | -8.40% | +2.05% | Oct 28, 17:00 UTC | Finnhub |
| Natural Gas (via UNG ETF) | $9.6300 | -1.27% | -0.10% | Oct 28, 17:00 UTC | Finnhub |
| Copper (via CPER ETF) | $40.14 | +0.75% | +0.22% | Oct 28, 17:00 UTC | Finnhub |
Trend check
WTI Crude Oil is flagged bullish with RSI(14) 62.5; the close at 107.89 sits above the 50-day SMA 94.53 and the long SMA 86.42. Brent Crude is neutral with RSI(14) 45.1 and a close at 115.22 relative to the 50-day SMA 111.01 and long SMA 95.84. Natural Gas is neutral with RSI(14) 50.9, close 3.1000, 50-day SMA 2.9632 and long SMA 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 27, 22:41 UTC); it is not a recommendation.
In the news
Reuters reported a US regulator proposes new rules to speed up LNG projects. Yahoo published an article asking what Anthropic’s IPO filing has to do with the copper price.
- US regulator proposes new rules to speed up LNG projects — Reuters, Oct 28, 13:11 UTC
- What Does Anthropic’s IPO Filing Have to Do With the Copper Price? — Yahoo, Oct 28, 15:43 UTC
What to watch
The FOMC rate decision is scheduled Wed Oct 28, 18:00 UTC. GDP (BEA) is scheduled Thu Oct 29 (time not confirmed). Personal income and outlays / PCE (BEA) is scheduled Thu Oct 29 (time not confirmed).
- Wed Oct 28, 18:00 UTC — FOMC rate decision (US) (source)
- Thu Oct 29 (time not confirmed) — GDP (BEA) (US) (source)
- Thu Oct 29 (time not confirmed) — Personal income and outlays / PCE (BEA) (US) (source)
Sources and data
- Reuters (secondary source) — US regulator proposes new rules to speed up LNG projects
- Yahoo (secondary source) — What Does Anthropic’s IPO Filing Have to Do With the Copper Price?
- 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 28, 17:00 UTC; report generated Oct 28, 17:00 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
Exchange-traded fund (ETF)
A fund that trades on a stock exchange like a share, usually tracking an index, sector, commodity or strategy.
Price-to-earnings ratio (P/E)
Share price divided by earnings per share.
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 28, 2026, 05:03 PM UTC)
- Yahoo (secondary, retrieved Oct 28, 2026, 05:03 PM UTC)
- Finnhub (market-data, retrieved Oct 28, 2026, 05:03 PM UTC)
- Federal Reserve (primary, retrieved Oct 28, 2026, 05:03 PM UTC)
- U.S. Energy Information Administration via FRED (primary, retrieved Oct 28, 2026, 05:03 PM UTC)
- U.S. Bureau of Labor Statistics (primary, retrieved Oct 28, 2026, 05:03 PM UTC)
Market data as of Oct 28, 2026, 05:00 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
Crypto market update
Solana rose 1.40% over 24 hours, ahead of bitcoin, ether and XRP as of Oct 28, 22:01 UTC.
MarketAlleys Research Desk · · 2 min read
CNBC: Google's AI spend under scrutiny ahead of Alphabet earnings
CNBC reported that growing competition for Google Cloud and Alphabet’s plan to expand its AI strategy beyond its own cloud are in focus as the company prepares to report earnings.
MarketAlleys Research Desk · · 4 min read
Closing Tape, Wednesday October 28: Major US ETFs finished higher
Major US ETFs closed higher; the Federal Reserve issued an FOMC statement, per the Federal Reserve.
MarketAlleys Research Desk · · 5 min read
CNBC’s Homestretch flags Fed chairman’s tough talk on inflation and Micron rally
CNBC’s Investing Club Homestretch ran an afternoon update on Oct 28 that highlighted the Fed chairman talking tough on inflation and examined what’s behind Micron’s big rally.
MarketAlleys Research Desk · · 3 min read