Market Update

In the energy space, Apr crude oil spent all of its electronic session in the red, extending losses after floor trading opened. Crude extended losses about 35 minutes ago, reaching a new session low of $105.38. In current action, crude is -1.7% at $105.67/barrel.

Apr natural gas traded in a tight consolidative pattern in negative territory in electronic trading. Nat gas chopped around between $2.26 and $2.27 in the early morning session and just fell to a new session low of $2.25/MMBtu. Nat gas is now -3.0% at $2.26/MMBtu.

In metals, Apr gold and May silver are also trading in the red. Both precious metals attempted to recover their losses after floor trading opened, but have lost steam. Silver just moved back to its current session low of $33.56 and gold is back near its session low as well. Gold is now -1.1% at $1693.30/oz and silver is -2.1% at $33.50/oz. May copper is down 3 cents to $3.83/lb.

Market Update