In the global market, commodity prices are setting new highs nowadays. These are the challenging assets that drive new trends in the financial market with every passing day.
Moreover, the prices of different commodities like energy and agriculture commodities have risen over the past few months.
But, where does the commodity market stand now? Are the prices still high or experiencing a downfall? Let’s have a look at the overall price chart of some top-ranking commodities below.
Source https://fintechzoom.com/stock-market-2/commodities/
1- WTI Oil
After the news of China’s stimulus, oil prices have again risen up from the previous prices.
However, at the time of writing, West Texas Intermediate (WTI) oil stands at 103.15 USD per Barrel.
This is with a decrease of 0.96% from the last 24 hours. In addition, WTI oil prices have increased by 2.13% over the past 7 days and 3.95% in the last 30 days.
29 April GMT 16:00
Source https://fintechzoom.com/stock-market-2/commodities/energy/oil-prices/
2- Brent Crude Oil
At the end of the week, currently, Brent oil stands at 106.49 USD per Barrel with a decrease of 0.82% in the last 24 hours. In the last 7 days, Brent crude oil faced a slight decrease in its price by 0.05%. If we look at the price chart, Brent oil faced a decrease of 1.21% over the past 30 days.
29 April GMT 16:00
Source https://fintechzoom.com/stock-market-2/commodities/energy/brent-crude/
3- Natural Gas
According to the latest report, the German gas industry has demanded its users to create two accounts for gas supply in different countries. At the time of writing, the price is 7.279 USD per MMBtu with an increase of 4.43%.
Furthermore, the prices has surged by 11.00% and a significant increase of 28.55% in the last 30 days.
29 April GMT 16:00
Source https://fintechzoom.com/stock-market-2/commodities/energy/natural-gas-live-prices/
4- Gold
As per the World Gold Council, the demand for gold has increased to 34% in Ukraine. At the time of writing, gold prices are at 1895.64 USD per ounce.
Moreover, in the last 24 hours, it has increased from 0.06% and in the last 7 days, gold prices have experienced a decrease of 1.94%.
29 April GMT 16:00
Source https://fintechzoom.com/stock-market-2/commodities/precious-metals/gold/live-gold-price/
5- Corn
According to the European report, the production and export of corn and wheat are expected to increase by 25% in 2022. However, currently, it stands at 818.26 USD per Bushel with a decrease of 0.04% in the last 24 hours.
Moreover, in the last 7 days, corn prices have gone up by 2.55% with the prices keep fluctuating daily.
29 April GMT 16:00
Source https://fintechzoom.com/stock-market-2/commodities/agricultural-products/corns/
Final Thoughts
By looking at the price chart of different commodities, you can see a huge increase in prices over the last 24 hours. However, this increase is not permanent. The prices fluctuate on a daily basis and you may see a commodity going down in the upcoming days.
