Crude-oil futures on Thursday abandoned an attempt to build on a prior-session rebound, driven by support from a recent drop in U.S. oil stockpiles.
On the New York Mercantile Exchange, light, sweet crude futures for delivery in January CLF5, -0.43% declined 57 cents, or 0.9%, to settle at $66.81 a barrel. Futures have been down six of the past eight sessions.
January Brent crude LCOF5, -0.56% on London’s ICE Futures exchange fell 28 cents, or 0.4%, to finish at $69.64 a barrel.
January platinum PLF5, -0.95% rose $18.40, or 1.5%, to $1,245.90 an ounce, while March palladium PAH5, -0.29% gained $4.60, or 0.6%, to $802.15 an ounce.
High-grade copper for March delivery HGH5, -0.26% tacked on 4 cents, or 1.5%, to $2.91 a pound.
Gold retreated Thursday after the European Central Bank failed to announce more stimulus but the yellow metal maintained its solid weekly gain to remain above the $1,200 level that many traders watch closely.
Gold for February delivery GCG5, -0.40% fell $1 to settle at $1,207.70 an ounce. For the week, the contract is up 2.7%. March silver SIH5, -1.12% gained 16 cents, or 1%, to $16.58 an ounce. Silver is up 6.6% for the week, so far.