Published on Let's Talk Development

Energy prices gain 7 percent in May–Pink Sheet

This page in:
Energy commodity prices gained more than 7 percent in May, with advances in U.S. natural gas (+27 percent), coal (+12 percent) and oil (+7 percent), the World Bank’s Pink Sheet reported.

Non-energy prices changed little as a 1.4 percent gain in beverages was balanced by a 2 percent loss in raw materials and a 1.1 percent decline in Fertilizers.

Metals prices gained 0.4 percent, led by nickel (+3 percent) and aluminum (+2 percent).

Precious metals prices lost 2.1 percent, led by a similar decline in gold.

The Pink Sheet is a monthly report that monitors commodity price movements.
 
Commodity prices advanced in May

Source: World Bank.


 

All three commodity price indexes increased in May
Source: World Bank.

 
Increases in commodity prices were balanced by declines
Nominal prices, percent changes, May over April
Image
Source: World Bank.
 

Authors

John Baffes

Senior Agriculture Economist, Development Economics Prospects Group

Xinghao Gong

Xinghao (Charlotte) Gong

Join the Conversation

The content of this field is kept private and will not be shown publicly
Remaining characters: 1000