Energy commodity prices rebounded 5.3% in November, led by crude oil (+5.5%) the World Bank Pink Sheet reported. Natural gas in the U.S. and Europe increased 14% and 2%, respectively.
Non-energy prices rose more than 2% in response to strong gains in agriculture.
Agricultural prices increased 3.7%, reflecting gains in all three main categories (beverages +5.6%; food +4.1%; and raw materials +1.7%).
Fertilizer dropped 3.5% in response to large losses in DAP (-11%) and Urea (-5%).
Metals prices declined marginally, as a 3% gain in aluminum was balanced by declines in several metals, including nickel (-11%), lead (-7%), and iron ore (-4%).
Precious metals prices dropped nearly 2%, due to declines in both silver (-2.7%) and gold (-1.6%).
The Pink Sheet is a monthly report that monitors commodity price movements.
Join the Conversation