COMMODITIES

June crude oil futures tumbled $1.92, or 3.8%, to $48.54 a barrel.

June gold futures rose $0.50 to $422.8 an ounce,

US STOCK MARKET

The U.S. stock markets closed down on Thursday after weak quarter results from Wal-Mart.

The Dow Jones Industrial declined 110.77 points, or 1.08%, to 10,189.48. The Nasdaq Composite was down 7.67 points, or 0.39%, to 1,963.88. The S&P500 fell 11.75 points, or 1%, to 1,159.36.