According to the latest market report, commodity prices are going through a new high in the commodity market. Over the past few years, the energy crises have been increasing largely.
Moreover, there have been new trends in the rates of food commodities after the Ukraine-Russia war. This has impacted the production rate and supply in the commodity market.
So, where do the prices stand now? Let’s have a look at the overall price chart of some top-ranking commodities below.
28 April GMT 15:00
Source https://fintechzoom.com/stock-market-2/commodities/
1- WTI Oil
According to the latest oil report, Russian oil production is expected to meet its biggest crash since the 1990s. However, at the time of writing, West Texas Intermediate (WTI) oil stands at 104.018 USD per Barrel.
This is with a significant increase of 2.66% from the last 24 hours. In addition, WTI oil prices have increased by 2.77% in the last 7 days.
28 April GMT 15:00
Source https://fintechzoom.com/stock-market-2/commodities/energy/oil-prices/
2- Brent Crude Oil
According to the latest update, crude oil is levelling up after Russia suspended natural gas exports to some EU countries. With this, currently Brent oil stands at 107.67 USD per Barrel with an increase of 2.36% at the time of writing.
Moreover, in the last 7 days, Brent crude oil has increased up to 1.26% in the global market.
28 April GMT 15:00
Source https://fintechzoom.com/stock-market-2/commodities/energy/brent-crude/
3- Natural Gas
Russia has cut down the supply of natural gas to Poland and Bulgaria after the countries refused to pay for it. At the time of writing, the price is at 6.988 MMBtu with a major downfall of 5.75%.
Furthermore, the prices have surged by 5.88% in last 7 days and an overall increase of 22.83% from the last 30 days.
28 April GMT 15:00
Source https://fintechzoom.com/stock-market-2/commodities/energy/natural-gas-live-prices/
4- Gold
As per the Federal Reserve Monetary decision, gold prices will be above $1900 even after the increasing inflation rates in the global market. At the time of writing, gold prices are at 1891.36 USD per ounce.
Moreover, in the last 24 hours, it has increased by 0.31% and in the last 7 days, gold prices have gone through a downfall of 2.15%.
28 April GMT 15:00
Source https://fintechzoom.com/stock-market-2/commodities/precious-metals/gold/live-gold-price/
5- Corn
According to the commodity report, corn prices are expected to climb to their highest value soon in the upcoming days. However, currently it stands at 818.83 USD per Bushel with a decrease of 0.13% in the last 24 hours.
Moreover, in the last 30 days, corn prices have gone up by 8.95% with increased corn production in the U.S.
28 April GMT 15:00
Source https://fintechzoom.com/stock-market-2/commodities/agricultural-products/corns/
Final Thoughts
As compared to the previous price reports, prices have increased a bit showing an uplift in the commodity market. Moreover, several commodities like corn, wheat are increasing from their previous values and going up in the chart.
By analysing the chart further, you can see an overall price change in different commodities with oil and natural gas being fluctuating on a large scale.
