Energy commodity prices surged 8 percent in November—the fifth consecutive monthly gain—led by a 9 percent increase in oil prices, the World Bank’s Pink Sheet reported.
Agriculture prices made marginal gains as a 1 percent decline in beverages was balanced by a 1 percent increase in food prices, notably natural rubber (down 12 percent) and cotton (off 2 percent). Fertilizer prices declined 3 percent, led by a 6 percent drop in Urea.
Metals and mineral prices were unchanged. Gains in nickel and iron ore were balanced by declines in lead and aluminum. Precious metals prices rose marginally.
The pink sheet is a monthly report that monitors commodity price movements.
More commodity prices increased than declined.
Nominal prices, percent changes, November over October