Commodities update: WTI proxy USO ETF leads gains as metals slide
MarketAlleys shows energy led moves at the close; the USO ETF rose 4.07% from the prior close while several metal ETFs fell, prices shown at Oct 23, 19:00–19:01 UTC.
Where prices stand
The USO ETF (tracks WTI Crude Oil) rose 4.07% from the prior close to $169.12, the UNG ETF (tracks Natural Gas) fell 2.93% from the prior close to $9.6000, the BNO ETF (tracks Brent Crude) rose 2.92% from the prior close to $70.92, the CPER ETF (tracks Copper) rose 1.64% from the prior close to $39.10, the SLV ETF (tracks Silver) fell 1.22% from the prior close to $48.74, and the GLD ETF (tracks Gold) fell 0.75% from the prior close to $366.25, as of Oct 23, 19:01 UTC (CPER as of Oct 23, 19:00 UTC).
| Instrument | Last | 5-session change | Latest change | As of | Source |
|---|---|---|---|---|---|
| Gold (via GLD ETF) | $366.25 | -3.58% | -0.75% | Oct 23, 19:01 UTC | Finnhub |
| Silver (via SLV ETF) | $48.74 | -4.97% | -1.22% | Oct 23, 19:01 UTC | Finnhub |
| WTI Crude Oil (via USO ETF) | $169.12 | +13.10% | +4.07% | Oct 23, 19:01 UTC | Finnhub |
| Brent Crude (via BNO ETF) | $70.92 | -8.40% | +2.92% | Oct 23, 19:01 UTC | Finnhub |
| Natural Gas (via UNG ETF) | $9.6000 | -1.27% | -2.93% | Oct 23, 19:01 UTC | Finnhub |
| Copper (via CPER ETF) | $39.10 | -2.48% | +1.64% | Oct 23, 19:00 UTC | Finnhub |
Trend check
MarketAlleys trend signals show 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 22, 22:40 UTC); it is not a recommendation.
In the news
CoinDesk reported a story titled "Robinhood sees surge in bitcoin, gold prediction markets as traders move beyond sports." businessinsider.com ran "The Dow drops 500 points as fears of renewed Middle East fighting send oil soaring," abcnews.go.com reported that Wall Street mostly loses ground under pressure from rising oil prices, and sanantoniopost.com headlined Sensex , Nifty extend losses as crude surges to USD 114 , all sectors close in red.
- Robinhood sees surge in bitcoin, gold prediction markets as traders move beyond sports — CoinDesk, Oct 23, 13:58 UTC
- The Dow drops 500 points as fears of renewed Middle East fighting send oil soaring — businessinsider.com, Oct 23, 16:25 UTC
- Wall Street mostly loses ground under pressure from rising oil prices — abcnews.go.com, Oct 23, 17:06 UTC (also reported by courant.com)
- Sensex , Nifty extend losses as crude surges to USD 114 , all sectors close in red — sanantoniopost.com, Oct 23, 14:30 UTC (also reported by hongkongherald.com, calcuttanews.net)
Sources and data
- CoinDesk (secondary source) — Robinhood sees surge in bitcoin, gold prediction markets as traders move beyond sports
- businessinsider.com (secondary source) — The Dow drops 500 points as fears of renewed Middle East fighting send oil soaring
- abcnews.go.com (secondary source) — Wall Street mostly loses ground under pressure from rising oil prices
- sanantoniopost.com (secondary source) — Sensex , Nifty extend losses as crude surges to USD 114 , all sectors close in red
- 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 23, 19:01 UTC; report generated Oct 23, 19:01 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.
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.
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.
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.
Sources & data
- CoinDesk (secondary, retrieved Oct 23, 2026, 07:04 PM UTC)
- businessinsider.com (secondary, retrieved Oct 23, 2026, 07:04 PM UTC)
- abcnews.go.com (secondary, retrieved Oct 23, 2026, 07:04 PM UTC)
- sanantoniopost.com (secondary, retrieved Oct 23, 2026, 07:04 PM UTC)
- Finnhub (market-data, retrieved Oct 23, 2026, 07:04 PM UTC)
- Federal Reserve (primary, retrieved Oct 23, 2026, 07:04 PM UTC)
- U.S. Energy Information Administration via FRED (primary, retrieved Oct 23, 2026, 07:04 PM UTC)
- U.S. Bureau of Labor Statistics (primary, retrieved Oct 23, 2026, 07:04 PM UTC)
Market data as of Oct 23, 2026, 07:01 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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