Home » Commodities Prices Analysis (April 11): In the past 24 hours, Wheat had observed an increase of 5.2%
With the increasing demand for commodities, the energy prices surged while the non-energy commodities have to face a downfall. There are many factors such as volatility and risk involved in trading commodities.
Looking ahead to 2022, we expect supply chain disruptions to abate and commodity balances to be less tighter than in 2021. This article will give you insight into the current commodity prices as of 12th April 2022.
West Texas Intermediate (WTI) crude oil is the most actively traded commodity globally, having taken a significant hit. It is current standing at the US $101.17 and observed a 0.57% increase at the time of writing.
In the past 24 hours, the WTI oil was high at the price of $101.39 by 0.76% and 0.67% over the last 7 days.
Brent Crude Oil
Brent crude oil is used worldwide as a benchmark price for purchasing oil. Currently, in terms of market capitalization, it comprises at least two-thirds of its traded crude oil supplies. It is currently trading at USD $105.13 and has increased by 0.47%.
In the past 24 hours, Brent Crude Oil fell below $100 as the global events unfold. There was an overall decrease of 3.85% in its price over the past 7 days and currently it is standing at its highest value at the time of writing.
Natural Gas prices decreased by 0.06%, standing at $6.68 at the time of writing this article.
Its price increased by 0.56% in the last 24 hours however the change didn’t remain the same for a long time. Natural Gas prices increased by 10.8% over the past 7 days.
According to data shared by CNN Business, the gold price is currently standing at $1,967.50 at the time of writing this article after declining by 0.44%. Over the past 24 hours, Gold’s price increased by 0.63%. An increase of 2.11% is observed in its price over the past week.
Mine operators, manufacturers of finished products, and users of silver-content materials manage their price risk through silver futures and options contracts. Its current price stands at US $25.55, and observed a 0.72 percentage decline.