Commodity news
Here are some recent commodity news updates:
Energy
- Oil prices rose on Monday, driven by a decline in US crude inventories and a weaker dollar. Brent crude futures were up 1.2% at $63.45 a barrel, while US West Texas Intermediate (WTI) crude futures were up 1.3% at $58.35 a barrel. (Source: Reuters)
- Natural gas prices fell on Monday, pressured by a mild winter and a surge in production. The price of Henry Hub natural gas futures fell 2.4% to $2.55 per million British thermal units (BTUs). (Source: Bloomberg)
Agriculture
- Wheat prices rose on Monday, supported by concerns over dry weather in the US and a weaker dollar. The price of Chicago Board of Trade (CBOT) wheat futures rose 1.2% to $5.42 per bushel. (Source: Reuters)
- Soybean prices fell on Monday, pressured by a surge in production and a weaker demand outlook. The price of CBOT soybean futures fell 1.1% to $9.14 per bushel. (Source: Bloomberg)
Metals
- Gold prices rose on Monday, supported by a weaker dollar and concerns over global economic growth. The price of spot gold rose 0.4% to $1,311.50 per ounce. (Source: Reuters)
- Copper prices fell on Monday, pressured by a surge in supply and a weaker demand outlook. The price of London Metal Exchange (LME) copper futures fell 1.2% to $6,444 per tonne. (Source: Bloomberg)
Base Metals
- Zinc prices rose on Monday, supported by a surge in demand from the construction sector. The price of LME zinc futures rose 1.1% to $2,444 per tonne. (Source: Reuters)
- Lead prices fell on Monday, pressured by a surge in supply and a weaker demand outlook. The price of LME lead futures fell 1.5% to $1,944 per tonne. (Source: Bloomberg)
Soft Commodities
- Coffee prices rose on Monday, supported by a surge in demand from the food and beverage industry. The price of Arabica coffee futures rose 1.2% to $1.34 per pound. (Source: Reuters)
- Sugar prices fell on Monday, pressured by a surge in supply and a weaker demand outlook. The price of London Sugar Exchange (LSE) sugar futures fell 1.1% to 12.44 cents per pound. (Source: Bloomberg)
These are just a few examples of recent commodity news updates. If you're looking for more information or specific updates on a particular commodity, feel free to ask!