Crude oil, metals prices see more gains

Crude oil prices were higher again on Thursday.

April contracts for West Texas Intermediate crude ended up 34 cents to $110.26 per barrel on the New York Mercantile Exchange after peaking at a new high of $111 per barrel earlier, while Brent crude for April delivery was $1.12 higher to $107.39 after rising to $107.88 earlier in the session.

Nymex April gasoline dropped 5 cents to $2.68 per gallon while April heating oil gained 5 cents to $3.01 per gallon and May natural gas added 22 cents to $10.30 per million British thermal units.

Precious metals prices were higher on Thursday.

April gold added $13.30 to $993.80 per troy ounce after rising to $1,001.50 per troy ounce earlier in the session while May silver was up 43 cents to $20.42 per troy ounce and April platinum jumped $27.50 to $2,097.50 per troy ounce.

In base metals, May copper traded virtually even at $3.83 per pound in New York as three-month copper added $15 to $8,415 per tonne in London.

Grains prices were mixed on the Chicago Board of Trade.

CBOT May soybeans were 7.75 cents higher to $14.02 per bushel as demand for US supplies expanded with the falling dollar, while May corn added 2.25 cents to $5.69 per bushel.

However, CBOT May wheat was down 38 cents to $12.44 on declining demand after recent peaks in prices.

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