Primary Commodities Report for November 3rd- 7th

By: Gabriella Acevedo, The Quinnipiac University Global Economics Research Team

 Commodities Index

Source: Yahoo Finance and own calculations. Rates are in United States dollars per one (1) unit of goods. Brent Crude Oil is measured in barrels. Natural Gas is measured in MMBtu (Million British Thermal Units), Gold is per troy ounce, and for Nickel the price reflects price per share of (NIKL) ETF. They are all indexed to be at 100 at the start of the period.

One of the biggest movers this week is Nickle (Red). It declined throughout the week; on November 4^th It had a slight increase before continuing to drop ending the week at ~6.3% below the baseline. The other mover of the week was Natural Gas (Green). It increased throughout the week. On November 5^th it had a drop but after continued to rise for the week ending at 4.6% above the baseline. Brent Oil (Black) declined through the week ending at ~2.2% below the baseline.

Commodities Historical Trends

Source: Yahoo Finance and own calculations. Rates are in United States dollars per one (1) unit of goods. Brent Crude Oil is measured in barrels. Natural Gas is measured in MMBtu (Million British Thermal Units), Gold is per troy ounce, and for Nickel the price reflects price per share of (NIKL) ETF. The center line is a rolling three-month average. The upper and lower boundaries are the average plus and average minus one standard deviation, respectively, for the same three-month period.

Brent Oil (Black) began the month declining and slipping below the lower bound with a price of $63.63/barrel. Natural Gas (Green) declined to start the week as well it had a slight increase before having a slight drop to a price of $3.15/MMBtu. Nickle (Red) dropped throughout the week falling below the baseline to a price of $13.40/share. Gold (Yellow) stayed below the upper bound flucatuating through the week with minor increases and decreases. It ended the week on an increase with a price of $3999.40.