Commodity prices have been going through the roof over the past few months. Several factors contribute to increased prices over time but one of the major reasons is Ukraine-Russia conflicts.
Different geopolitical factors and increasing demand for oil and gas in the commodity market but reduced supply has turned the dynamics. So, let’s discuss the commodity prices as of 19 April and analyze the value of each commodity.
1- WTI Crude Oil
During the recent oil production report, shipment of Russian crude oil has shrunk by 25% in just one week. At the time, West Texas Intermediate (WTI) crude oil stood at 106.55 USD per Barrel. This is with a 0.90% decline at the time of writing.
Despite the last turn down in the oil prices, WTI oil has significantly increased over the last week with the high of 108.21 USD per Barrel, but overall it had a decrease of 2.10% over the past 30 days.
19 April GMT 11:00
2. Brent Oil
According to Libya’s oil production company, crude oil has fallen down to half a million in the last few days. With this downfall, currently, it stands at 112.15 USD per Barrel. This is with a 0.61% decrease at the moment of writing.
As shown in the price chart below, Brent crude oil has shown a positive price change from 108.00 USD per Barrel to 112.15 in the past few days. Moreover, it has shown a decrease of 0.32% over the last 30 days.
19 April GMT 11:00
3- Natural Gas
Owing to the high demand and supply of gas in the global commodity market, we have seen a large increase in the price rates of natural gas. At the time of writing, it is trading at 7.58 MMBtu.
On the price chart, natural gas shows a downfall of 2.45% at the moment of writing. If we analyze the chart further, there has been a increase of 7.5% in the last 7 days and 48.3% over the past month.
19 April GMT 11:00
4- Gold
In 2022, Gold hit the 2000 dollars mark during the previous month’s session. At present, the gold price is at 1977.62 MMBtu, with a slight downfall of 0.07% at the time of writing. In the last 7 days, the price chart has shown a 0.60% positive change in the commodity market.
In addition, the latest gold prices show that there has been a tight increase in the price charts as compared to the last few years.
19 April GMT 11:00
5- Silver
Likewise gold, the price of silver has also shown a huge increase in the commodity market. With a current price of 25.94 MMBtu, silver has shown a tremendous increase of 0.27% in the last 24 hours.
Moreover, in the price charts, a record positive change of 2.24% in the last week shows the bright future of this commodity.
19 April GMT 11:00
Bottom Line
As of other commodities like corn, wheat, lean hog and aluminum, the global events have caused an impact on their prices as well. At the time of writing, the price of corn, wheat and lean hog are in green while the price of aluminum remains unchanged.
