With the rise in bond yields, commodity prices are also increasing in a new trend. The market capitalization of commodities has touched new data in the last few weeks.
From metal to grains, different commodities have seen to show a positive price increase due to a decline in the stocks. So, what are the latest stats? How is the commodity market going now?
Let’s have a detailed look at the price chart below.
09 May GMT 18:00
Source https://fintechzoom.com/stock-market-2/commodities/
1- Brent Crude Oil
This has further impacted the higher oil prices and currently, it stands at $105.41 per barrel.
This is with a negative change of 6.74% in the last 24 hours. Moreover, in the last 7 days, Brent crude oil has decreased by 6.58% all across the world.
09 May GMT 18:00
Source https://fintechzoom.com/stock-market-2/commodities/energy/brent-crude/
2- WTI Oil
The price of West Texas Intermediate crude oil has plunged by 5% on Chinese demands. With this, currently, it stands at 102.05 USD per Barrel.
This is with a significant decrease of 6.64% from the last 24 hours. In addition, WTI oil prices have decreased by 6.47% in the last 7 days.
09 May GMT 18:00
Source https://fintechzoom.com/stock-market-2/commodities/energy/oil-prices/
3- Natural Gas
Since the U.S performed surgical natural gas drilling, the prices of gas are expected to bounce back. These higher prices will also increase the rates of power generation fuels.
At the time of writing, the price is 7.07 USD per MMBtu. This is with a huge decrease of -11.51% in the last 24 hours. Furthermore, the prices have gone through a significant increase of 9.98% in the last 7 days.
09 May GMT 18:00
Source https://fintechzoom.com/stock-market-2/commodities/energy/natural-gas-live-prices/
4- Gold
According to market experts, gold prices are going through a volatile stage due to the increase in the inflation rate. At the time of writing, gold prices are at 1854.74 USD per ounce.
Moreover, in the last 24 hours, it has decreased from 1.50% and in the last 7 days, gold prices have experienced a decrease of 1.48%.
09 May GMT 18:00
Source https://fintechzoom.com/stock-market-2/commodities/precious-metals/gold/live-gold-price/
5- Corn
Corn has shown large price swings during the past few months and this has also affected its global supply. However, currently, it stands at 777.14 USD per Bushel with a significant decrease of 1.79% in the last 24 hours.
Moreover, in the last 7 days, corn prices have gone up by 3.32% with the prices fluctuating daily.
09 May GMT 18:00
Source https://fintechzoom.com/stock-market-2/commodities/agricultural-products/corns/
Final Thoughts
Overall, there has been a down prices in the commodity market with the decreasing price charts. However, some commodities like corn and ethanol are going through low-value charts. Likewise, several other commodities are also expected to fluctuate over the upcoming days.
