Commodities
Oil prices rose on Thursday as investors expect strong demand following the release of new data showing that the U.S. economy remains healthy.
- Brent gained 1.6% on the day and U.S. West Texas Intermediate climbed 1.1%.
- U.S. crude oil stocks are at their highest point in 18 months.
- The global economy is predicted to grow just over 2% this year, according to a Reuters poll of global economists.
Oil (NYSEARCA:OIL) | 30.81 | 0.72% |
Gold (NYSEARCA:GLD) | 179.47 | -0.91% |
Silver (NYSEARCA:SLV) | 21.99 | 0.09% |
Corn (NYSEARCA:CORN) | 26.58 | 0.61% |
Lumber (NASDAQ:WOOD) | 78.31 | 2.05% |
*Commodity prices are as of 7 am ET. Data from MarketWatch. To understand why investors track the prices of these commodities,