Natural gas leads commodity moves as silver and copper slip

Where prices stand

Natural gas led the group: the UNG ETF was $11.23 and rose 2.84% from the prior close. The SLV ETF was $53.43 and fell 1.69% from the prior close. The USO ETF was $152.91 and rose 1.24% from the prior close. The CPER ETF was $40.42 and fell 0.52% from the prior close. The GLD ETF was $380.53 and fell 0.42% from the prior close. The BNO ETF was $65.15 and was little changed from the prior close; figures are as of Oct 13, 17:01 UTC.

Trend check

WTI Crude Oil is neutral with RSI(14) 51.3; its close 96.24 sits above the 50-day SMA 90.67 and the long SMA 84.25. Brent Crude is neutral with RSI(14) 58.7; its close 125.44 sits above the 50-day SMA 104.01 and the long SMA 92.72. Natural Gas is neutral with RSI(14) 53.5; its close 3.0300 sits above the 50-day SMA 2.8560 but below the long SMA 3.4950. Finnhub supplied the trend figures.

Trend status is a rules-based classification of moving averages and MACD on daily closes (as of Oct 12, 22:41 UTC); it is not a recommendation.

In the news

Reuters published a headline saying Saudi leads jump in OPEC+ oil output in September, despite Iran war disruption. Reuters also published a headline saying Occidental oil prices jump as supply concerns lift crude. Forexlive published a European news wrap headlined investingLive European news wrap: Risk sentiment improves as oil prices ease.

• Saudi leads jump in OPEC+ oil output in September, despite Iran war disruption — Reuters, Oct 13, 13:07 UTC
• Occidental oil prices jump as supply concerns lift crude — Reuters, Oct 13, 12:01 UTC
• investingLive European news wrap: Risk sentiment improves as oil prices ease — Forexlive, Oct 13, 11:46 UTC
• Nvidia (NVDA) vs. Bumble (BMBL): How the AI Gold Rush is Blinding Investors to Real-Value Gems — Yahoo, Oct 13, 15:34 UTC

What to watch

The Consumer Price Index is scheduled for Wed Oct 14, 12:30 UTC (bls, high importance). Retail sales (Census) is scheduled for Thu Oct 15 (time not confirmed) (fred, high importance).

• Wed Oct 14, 12:30 UTC — Consumer Price Index (US) (source)
• Thu Oct 15 (time not confirmed) — Retail sales (Census) (US) (source)

Sources and data

• Reuters (secondary source) — Saudi leads jump in OPEC+ oil output in September, despite Iran war disruption
• Forexlive (secondary source) — investingLive European news wrap: Risk sentiment improves as oil prices ease
• Yahoo (secondary source) — Nvidia (NVDA) vs. Bumble (BMBL): How the AI Gold Rush is Blinding Investors to Real-Value Gems
• 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 Oct 13, 17:01 UTC; report generated Oct 13, 17:01 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.