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  • QU Economics Research Team

Primary Commodities Report for March 25 – 28

 

Commodities Index 


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


During the week of March 25th to 28th, the prices of Brent Crude Oil, Gold, and Natural Gas increased, while Nickel remained relatively the same. The price of Brent Crude Oil (brown) experienced a 2.4% increase. Gold (red) had a similar price change to Brent Crude Oil, increasing by 2.74% by the end of the week. The price of Natural Gas (green) was the most volatile this week but overall increased by 6.26%. Lastly, the price of Nickel (blue) is the only one among these four commodities whose price slightly fell, finishing the week with a 0.2% decrease.

 

Commodities Historical Trends 


Source: Yahoo Finance and own calculations. Rates are in United States dollars per one (1) unit of goods. Brent Crude Oil and Natural Gas are measured in barrels, Gold is per ounce, and the ETF is per share. 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. 


Over the past three months, the prices of natural gas and nickel have consistently trended downward. While natural gas is lingering below one standard deviation, nickel has slowly been increasing and fluctuating between the lower and upper bounds. On the other hand, Brent crude oil and gold have been upward trending during the same period. Both have recently been sitting well above one standard deviation, and we will be monitoring to see whether the price increases will be sustained.

 

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