2023-11-17 05:56:30 ET
Brent and WTI crude however, was trading higher. Oil prices dropped nearly 5% on Thursday and sank to over four-month lows as the latest data pointed to building inventories.
Base metals on the other hand traded in mixed territory, with copper holding steady, as demand concerns in top metals consumer China, countered support from a softer dollar.
LME on-warrant zinc stockpiles rose by 65,475 tonnes yesterday to 112,675 tonnes. This is the largest daily increase since March 2018, ING reported. "Most inflows were reported from warehouses in Singapore and Port Klang, Malaysia. Meanwhile, total exchange inventories increased by 65,075 tonnes to 133,200 tonnes as of yesterday, the highest since 12 September."
Among agriculture markets, cocoa and wheat futures traded higher, while soybean edged lower.
Recent Commodity Price Movements
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Energy
Metals
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Palladium ( XPDUSD:CUR ) +1.56% to $1,053.87.
- Silver ( XAGUSD:CUR ) +1.68% to $24.12.
- Copper ( HG1:COM ) +0.30% to $3.71.
Agriculture
Commodity ETFs
Gold ETFs:
Other Metal ETFs:
Oil ETFs:
Agriculture ETFs:
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For further details see:
Commodity Roundup: Gold poised for weekly gain on rate cut bets; natgas futures dip