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U.S. stock-index futures late Sunday suggested opening losses for Wall Street on Monday, as Asian equities traded broadly lower and Japanese data showed a surprise economic contraction.
About 12 hours ahead of the U.S. stock open, futures for the S&P 500 SPX, +0.02% implied a 0.5% drop, while those for the Dow Jones Industrial Average DJIA, -0.10% and the Nasdaq 100 were each quoted 0.4% lower.
January platinum PLF5, -0.74% lost $5.40, or 0.45%, to $1,207.50 an ounce.
December palladium PAZ4, -1.18% gave up $3.00, or almost 0.4%, to $768.35 an ounce. High-grade copper for December delivery HGZ4, -0.44% dropped slightly, losing 1 cent, to $3.03 a pound.
December natural gas NGZ14, +3.33% rose 4 cents, or 1.1%, to trade at $4.0200 per million British thermal units. On the week, natural gas declined 8.9% as weather forecasters predicted a return to warmer weather by the end of the month, cutting down on heating fuel demand.
The Energy Information Administration reported that natural-gas supplies rose 40 billion cubic feet in the week ended Nov. 7. That was slightly above analyst expectations of an increase between 37 bcf and 39 bcf.
Gasoline for December delivery RBZ4, -1.33% rose 4 cents, or 2%, to settle at $2.0425 a gallon. Gasoline futures lost 4.3% on the week.
December heating oil HOZ4, -1.37% rose 5 cents, or 2.3%, to finish at $2.4161 a gallon. The commodity lost 3.3% on the week.
Crude-oil futures rallied Friday amid speculation that OPEC may cut its oil production, a move that would help stabilize plunging prices. However, Friday’s rally didn’t prevent oil from ringing up its seventh consecutive weekly loss.
On the New York Mercantile Exchange, light, sweet crude futures for delivery in December CLZ4, -1.23% rose $1.61, or 2.2%, to settle at $75.82 a barrel. That was oil’s largest one-day gain since early September. On the week, oil declined 3.6%.
