Natural gas futures rise 5 percent; Oil edges down

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Associated Press

Posted on February 11, 2014 at 6:00 PM

Updated Wednesday, Feb 12 at 12:00 AM

Natural gas futures rose sharply Tuesday, while the price of crude oil fell to just under $100 a barrel.

Gold prices ended slightly higher, but other metals were mixed. Agricultural futures were also mixed.

Natural gas jumped 25 cents, or 5 percent, to $4.82 per 1,000 cubic feet.

U.S. crude for March delivery fell 12 cents to $99.94 a barrel on the New York Mercantile Exchange. On Monday, oil closed above $100 a barrel for the first time since Dec. 27.

In other energy trading, wholesale gasoline gained 3 cents to $2.75 a gallon and heating oil rose 3 cents to $3.03 a gallon.

The April gold contract rose $15.10, or 1 percent, to $1,289.80 an ounce.

Silver for March delivery rose 41 cents to $20.15 an ounce. Palladium for delivery in the same month fell 40 cents to $716.35 an ounce. Platinum for April increased $1.90 to $1,387.80 an ounce.

Copper for March delivery fell a penny to $3.21 a pound.

Corn for March delivery fell 1.5 cents to $4.415 a bushel, March wheat rose 5.5 cents to $5.90 a bushel and March soybeans rose 9.3 cents to $13.35 a bushel.

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