Commodity Market Report: Weekly Performance and Trends

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Since June 7, 2024, commodity markets have shown mixed performance, reflecting ongoing global economic dynamics. Here is a detailed breakdown of the key commodities:

Crude Oil (USD/Bbl)
– **Current Price**: $76.1
– **Previous Price**: $75.5
– **Weekly Change**: +0.75%
– **Monthly Change**: -1.02%
– **Annual Change**: +6.86%

Crude oil prices posted a modest weekly gain of 0.75%, although they faced a monthly decline of 1.02%. On an annual basis, crude remains up 6.86%.

Brent Oil (USD/Bbl)
– **Current Price**: $80.2
– **Previous Price**: $79.9
– **Weekly Change**: +0.45%
– **Monthly Change**: -0.95%
– **Annual Change**: +5.94%

Brent oil has seen a slight weekly increase of 0.45%, but similar to crude oil, it has fallen by 0.95% in the past month. However, it maintains an annual gain of 5.94%.

#### Natural gas (USD/MMBtu)
– **Current Price**: $2.9
– **Previous Price**: $2.8
– **Weekly Change**: +2.64%
– **Monthly Change**: +12.16%
– **Annual Change**: +19.21%

Natural gas prices rose 2.64% on the week and registered a strong monthly increase of 12.16%, with an impressive annual increase of 19.21%.

Gasoline (USD/Gal)
– **Current Price**: $2.4
– **Previous Price**: $2.4
– **Weekly Change**: -0.18%
– **Monthly Change**: -0.83%
– **Annual Change**: -4.59%

Gasoline prices remained relatively flat with a marginal weekly decline of 0.18% and an annual decline of 4.59%.

Coal (USD/T)
– **Current Price**: $135.9
– **Previous Price**: $137.0
– **Weekly Change**: -0.80%
– **Monthly Change**: -5.10%
– **Annual Change**: -0.07%

Coal prices fell 0.80% during the week and fell significantly by 5.10% in the past month, remaining almost flat on a yearly basis.

Gold (USD/t.oz)
– **Current Price**: $2,318.0
– **Previous Price**: $2,376.9
– **Weekly Change**: -2.48%
– **Monthly Change**: -0.45%
– **Annual Change**: +17.72%

Gold prices fell 2.48% on the week, but sustained a 17.72% year-to-date gain, highlighting its role as a safe-haven asset.

Silver (USD/t.oz)
– **Current Price**: $29.7
– **Previous Price**: $31.3
– **Weekly Change**: -5.22%
– **Monthly Change**: -2.34%
– **Annual Change**: +22.52%

Silver saw a significant weekly decline of 5.22%, although it maintains a strong annual gain of 22.52%.

Wheat (USD/Bu)
– **Current Price**: $624.9
– **Previous Price**: $639.5
– **Weekly Change**: -2.28%
– **Monthly Change**: -7.75%
– **Annual Change**: -2.04%

Wheat prices fell 2.28% during the week and posted a notable monthly decline of 7.75% with a slight annual decline of 2.04%.

Palm Oil (MYR/T)
– **Current Price**: MYR 4,026.0
– **Previous Price**: MYR 3,961.0
– **Weekly Change**: +1.64%
– **Monthly Change**: -1.30%
– **Annual Change**: +23.35%

Palm oil prices rose 1.64% during the week and registered a substantial year-on-year increase of 23.35%.

Cocoa (USD/T)
– **Current Price**: $9,884.1
– **Previous Price**: $9,879.2
– **Weekly Change**: +0.05%
– **Monthly Change**: +6.25%
– **Annual Change**: +213.69%

Cocoa prices remained flat with a minor weekly increase of 0.05%, but soared 213.69% over the year, reflecting significant market demand.

Conclusion
The commodity market had a mixed performance last week, with notable gains in natural gas and palm oil and declines in gold, silver and wheat. As global economic conditions continue to evolve, these commodities will remain critical indicators of broader market trends.