Commodity Prices Drop: Oil, Gas, Gold & Coal Update

by Michael Brown - Business Editor
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Commodity markets saw declines on Wednesday, February 11, 2026, as oil and natural gas prices edged lower amid trading activity. According to data released today, NYMEX crude oil closed at $63.96 per barrel, a decrease of $0.40, or 0.62 percent.

Natural gas futures on the NYMEX settled at $3.115 per MMBtu, down $0.023, or 0.73 percent. These movements reflect ongoing supply and demand dynamics within the energy sector.

Precious metals also experienced downward pressure, with COMEX gold closing at $5,031.00 per ounce, a decline of $48.40, or 0.95 percent. This decrease comes as investors continue to assess macroeconomic factors influencing the value of gold.

Newcastle coal futures also decreased, closing at $114.60 per ton, down $1.15, or 0.99 percent. The Baltic Dry Index (BDI), a measure of shipping costs, also saw a slight decrease, closing at 1,882 points, down 13 points, or 0.69 percent.

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