Today in Commodities
Oil surges, metals wobble, grains stay bid
Crude leads the commodity complex higher as most other major contracts fade.
Oil is the clear leader. WTI crude jumps 5.1% to 74.03, and Brent climbs 5.8% to 78.44. CNBC Markets says oil prices jump more than 4% after Trump threatens to bomb Iran and reimpose a naval blockade, while MarketWatch says oil ends at its highest price in over two weeks as the U.S.-Iran conflict worsens.
Most of the rest of the commodity board is softer. Natural gas falls 1.4% to 3.22, gold drops 1.3% to 4091.3999, silver falls 3.5% to 58.8, and copper slips 0.7% to 6.1295. Platinum loses 3.5% to 1593.3, adding to the broad pullback in metals.
Agriculture is mixed but mostly firm. Corn gains 2.7% to 454.5, wheat slips 0.5% to 606.25, and soybeans ease 0.7% to 1188.25. Cocoa stands out again, rising 6.6% to 6039.0 after a strong run, while coffee drops 5.4% to 313.6.
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Energy
| Name | Close | 1D | 1W | 1M | 1Y | RSI 14 | vs 52-wk high | 30 days |
|---|---|---|---|---|---|---|---|---|
| WTI crude | $74.03 | ▲5.1% | ▲6.5% | ▼18.2% | ▲8.3% | 45 | -34.5% | |
| Brent | $78.44 | ▲5.8% | ▲7.6% | ▼15.7% | ▲11.8% | 49 | -33.7% | |
| Nat gas | $3.220 | ▼1.4% | ▼1.7% | ▼0.3% | ▼3.6% | 49 | -56.8% | |
| Gasoline (RBOB) | $2.941 | ▼0.4% | ▼2.4% | ▼3.4% | ▲34.6% | 54 | -22.0% |