Primary Commodities Report for January 12th - 16th
- QU Economics Research Team
- 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 at 100 at the start of the period.
For the week of Janurary 12th- 16th Natural Gas (Green) had the showed the largest change. Starting the week rapidly increasing with a high of 7.8% above the baseline however, shortly after it dropped drastically falling below the baseline ending the week at –2.08% below the baseline. Nickle (Red) and Brent Oil (Black) followed a similar trend this week, both increasing with Nickle having a high of 7.2% and Brent Oil (Black) having a high of 5% above the baseline. Both began to drop, resulting in Nickle (Red) ending the week at 2.4% above the baseline and Brent Oil (Black) ending the week at 1.2% above the baseline. Gold (Yellow) rose during the week with some fluctuations. It had a high of 3% but faced a minor drop ending the week at 2.8% above 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.
Brent Oil (Black) surpassed the upper bound this week with a price of $66.50/barrel. However, it dropped below the upper bound not too long after resulting in a price of $64.45/barrel to finish the week. Natural Gas (Green) similar to last week it remained below the lower bound with fluctuations in its price however remained around its average price level for this month of $3.10/MMBtu to end this week. Nickle (Red) remains above the upper bound for this week. Nickle (Red) also remained around the average price that it has had for this month of $18.60/share. Gold (Yellow) continues to remain above the upper bound as well and ended the week with a price of $4588.20/Troy Oz.
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