Today in Commodities
Oil jumps past $100, metals rally, and gas sinks
Energy is the day’s big story, but the commodity board is otherwise split.
Crude is the clear leader. WTI jumps 4.28% to 97.01, and Brent rises 4.22% to 102.05. The headlines tie the move to escalating Middle East conflict, with Reuters saying Brent settles at over $100 a barrel as fighting intensifies in the Persian Gulf and CNBC reporting Brent crude oil tops $101 to close at its highest level since May.
Other energy contracts are not moving with crude. Nat gas falls 3.81% to 2.805, and gasoline drops 5.85% to 3.0621. The gap between crude and refined products is notable in a day when oil makes the biggest directional move.
Metals and some crops are stronger. Gold rises 1.17% to 4,445.2998, silver gains 2.43% to 67.905, copper adds 1.76% to 6.8575, and platinum climbs 3.41% to 1,911.3. Corn increases 3.38%, soybeans rise 0.48%, sugar jumps 6.91%, while coffee drops 8.57% and cocoa edges up 0.87%.
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Energy
| Name | Close | 1D | 1W | 1M | 1Y | RSI 14 | vs 52-wk high | 30 days |
|---|---|---|---|---|---|---|---|---|
| WTI crude | $97.01 | ▲4.3% | ▲7.5% | ▲18.1% | ▲54.9% | 75 | -14.1% | |
| Brent | $102.05 | ▲4.2% | ▲7.8% | ▲16.3% | ▲53.7% | 71 | -13.8% | |
| Nat gas | $2.805 | ▼3.8% | ▼3.4% | ▲0.4% | ▼10.0% | 49 | -62.4% | |
| Gasoline (RBOB) | $3.062 | ▼5.8% | ▼2.3% | ▼2.3% | ▲53.7% | 42 | -18.8% |