Commodities Recover Slightly With Equities (USO, UNG, SLV, GLD, ROSE, ORA)

Commodities recovered slightly from recent lows with crude oil bounced back from almost a year a low after U.S. jobless claims fell in line with expectations and as oil’s drop below $97 a barrel enticed buyers back into the market.
Earlier Thursday, the U.S. Labor Department said jobless claims fell slightly, with first-time applications for unemployment last week declining by 1,000 to 367,000.

Crude-oil for June delivery jumped 0.15%, to $97.14 a barrel on the New York Mercantile Exchange.
Yesterday, The Energy Information Administration reported crude inventories rising 3.7 million barrels, compared to expectations of an increase of 2.2 million, according to Platts, but less drastic than the increase a trade group reported late Tuesday.The EIA also reported gasoline supplies down 2.6 million barrels, and inventories of distillates down 3.3 million barrels. The analysts polled by Platts had forecast gasoline inventories down 600,000 barrels and unchanged supplies for distillates, which include heating oil.Natural gas for June delivery lost 1%, to $2.44 per million British thermal units.

Gold for June delivery marginally, to $1,595 an ounce on the Comex division of the New York Mercantile Exchange.
July copper rose 0.62% $3.68 a pound. Platinum for July delivery fell 0.50% to $1,489.80 an ounce. Palladium for June added 0.22%  $4.85, or 0.8%, to $618.50 an ounce.

United States Oil Fund LP (ETF)(NYSEARCA:USO) added 0.17 (0.47%) at $36.69, SPDR Gold Trust (ETF)(NYSEARCA:GLD) added 0.59 (0.38%) to $155.07, iShares Silver Trust (ETF)(NYSEARCA:SLV) gained 0.04 (0.14%) to $28.42 and United States Natural Gas Fund, LP(NYSEARCA:UNG) lost 0.06 (-0.34%)to $17.52.
Rosetta Resources Inc.(NASDAQ:ROSE) fell 1.24% to $41.49 after r Q1 earnings and revenues fell short of estimates. Q1 production of 33.8M boe/day was below expectations, and capital spending of $133M also fell short and contributed to the production miss. FBR Capital cuts shares to reflect its concern over the weak natural gas liquids price outlook and single asset base orientation.
Ormat Technologies, Inc.(NYSE:ORA) gained 2% after the provider of geothermal energy moved to a Q1 profit from a loss in the same period last year, exceeding analyst expectations. ORA raised full-year revenue guidance to $480M-$505M (product revenues $165M-$175M; reaffirmed electric revenues $315M-$330M) vs. $473M consensus.