2023-12-22 06:21:58 ET
Brent Oil ( CO1:COM ) prices advanced for a sixth consecutive session Friday, while Crude Oil ( CL1:COM ) is up for a second day amid Red Sea tensions and as markets looked past Angola's exit from OPEC following a dispute with the cartel about oil-production quotas.
Both the benchmarks rose around 0.80% on Friday and are set to end week on positive note on concerns over global trade disruption, as the biggest shipping companies avoid one of the world's busiest shipping lanes.
Natural Gas ( NG1:COM ) extends gain for a second day after closing almost 7% higher yesterday following a decline in natural gas inventory .
In the precious metals market, gold, silver, and palladium ticked up helped by a softer dollar ( DXY ), while investors broadly await U.S. inflation data due later today after the U.S. Federal Reserve's latest dovish transition.
Spot gold ( XAUUSD:CUR ) was up +0.48% to $2,055.27 by 5:50?am ET. signaling strong physical buying.
Recent Commodity Price Movements
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Energy
Metals
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Palladium ( XPDUSD:CUR ) +0.50% to $1,219.85.
- Silver ( XAGUSD:CUR ) +34% to $24.46.
- Copper ( HG1:COM ) -0.45% to $3.89.
Agriculture
Commodity ETFs
Gold ETFs:
Other Metal ETFs:
Oil ETFs:
Agriculture ETFs:
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For further details see:
Commodity Roundup: Oil set for weekly gain, Gold steady with eyes on inflation