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.
Commodities Prices
12 April GMT 12:57
WTI Oil
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
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.
Gold
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.
Silver
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.
During the last 24 hours, silver reached a high price of $25.60, increasing by 1.16% and observed an increase of a whopping 4.41% over the past seven days.
Corn
Corn Futures are currently available for trading on the CBOT, with a price of $7.70 and a decrease of 0.29% at the time of writing.
During the last 24 hours, its price rose to 1.54%. During the past week, Corn had an increase of up to 2.17%.
Wheat
With its large acreage and tradeable value, wheat is a crucial commodity for the global economy. At the time when this article was written, the price of wheat was $1,116.50, up by 0.36%.
In the past 24 hours, it had observed an increase of 5.2% and a whopping 9.53% increase in the past 7 days.
