Although the Ukraine-Russia war has impacted the global trading community, U.S companies are still trying to rebuild commodities according to the Export import bank report. This and many other geopolitical factors lead to the increasing demand and decreased supply in the commodity market.
Moreover, by looking at the price charts, we can further dictate which commodity is going to increase and what’s the progress of top commodities at present?
Top Commodities 21 April
So, let’s discuss it in detail below.
1- WTI Oil
In Asia, the U.S crude oil price has gone high due to the closure of regional markets in the last few days. This has resulted in the high rates of West Texas Intermediate (WTI) crude oil as well.
At present, WTI oil stands at a price rate of 103.40 USD per Barrel with an increase of 0.93% in the last 24 hours. At the time of writing, the oil price has increased 5.8% in the last 7 days, showing its rapid growth rate.
Currently, it stands at a rate of 107.95 USD per Barrel in the market. This is with a significant increase of 0.67% from the last 24 hours and has increased further in the last 7 days.
3- Natural Gas
With a current price of 6.91 MMBtu, natural gas is still on the list of top 3 commodities. As per the U.S export projects, the number of natural gas buyers has increased further in the last few days.
In addition, if we look at the price chart then it shows a 1.17% increase from the current price in the last 24 hours which is a significant gain in value.
At the moment, gold prices stand at 1952.00 USD per ounce with a decrease of 0.30% in the last 24 hours. Even though the commodity market is in high momentum, gold prices are falling over the last few days.
In the last 30 days, this commodity has experienced a 1.57% positive increase from the current price.
In the price chart, silver shows a 24.67 USD per Troy ounce price rate. This is with a decrease of 0.20% in the last 24 hours and a slight increase in the prices in the last few days.
By analyzing the price chart further, you can see that silver is progressing slowly in the commodity market.
Even though some commodities like gold and silver are going through a downfall in the last few days, the overall market has shown great setbacks. Oil prices have leveled up and aluminum prices have also increased significantly.