Commodities

 

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, 


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