Primary Commodities Report for February 23rd - 27th

2 days ago
2 min read

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 100 at the start of the period.

For the week of February 23^rd – 27^th Natural Gas (Green) started declining and continued to fall until the 24^th where is showed a minor increase before falling for the remainder of the week and ended at ~ 6.17% below the baseline. Brent Oil (Black) also declined for much of the week; however, it was able to recover ending the week at 1% above the baseline. Gold (Yellow) and Nickel (Red) followed similar trends this week. Gold (Yellow) rose with some minor declines but remained on an increase to end the week at 3.38% above the baseline. Nickel (Red) also rose during the week and ended at 4.84% above the baseline.

Commodities Historical Trends

Nickel (Red) continued to rise this week, surpassing the upper bound baseline and remaining above the line ending the month at a price of $20.12/Share. Natural Gas (Green) continued to decline this week and remained below the lower bound line ending the month at a price of $2.85/MMBtu. Gold (Yellow) remained above the upper bound with some fluctuations. Gold (Yellow) ended the month at a price of $5230.50/Troy oz. Brent Oil (Black) also remained above the upper bound while it had a drop in price it recovered shortly after ending the month at a price of $72.48/Barrel.

Primary Commodities Report for February 23rd - 27th

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