CL
Crude rose as Tropical Storm Karen pushed through the Gulf of Mexico to the U.S. coast, threatening crude production in the region. Prices gained 0.5 percent. Karen will make landfall early Oct. 6 on the southeastern tip of Louisiana, according to the National Hurricane Center. BP Plc (BP/) is shutting in all its oil and natural gas output in the Gulf, and LOOP LLC will suspend tanker operations at noon. The U.S. government shutdown entered a fourth day as House Speaker John Boehner said that he won’t allow the U.S. to default on its debt.
GOLD
Gold fell for the fourth time this week on speculation that that the effect of the partial U.S. government shutdown will be short-lived, crimping demand for the metal as a store of value. The shutdown entered the fourth day amid wrangling by lawmakers over the budget and debt limit. Bill Gross of Pacific Investment Management Co. and BlackRock Inc.’s Laurence D. Fink said the deadlock will be resolved soon, limiting damage to the economy. The Standard & Poor’s 500 Index of equities climbed as much as 0.8 percent.