Commodities
Oil prices were up on Tuesday after new data showed that U.S. demand increased in late 2022.
- Brent crude rose 1% and U.S. West Texas Intermediate crude gained 1.3%.
- The Energy Information Administration reported that U.S. demand for crude and petroleum products rose by 178,000 barrels between August and November 2022.
- Analysts predict that Brent crude prices will average just over $90 per barrel this year, up from around $85 at present.
Oil (NYSEARCA:OIL) | 30.13 | 2.03% |
Gold (NYSEARCA:GLD) | 179.41 | 0.36% |
Silver (NYSEARCA:SLV) | 21.83 | 0.78% |
Corn (NYSEARCA:CORN) | 26.58 | 0.00% |
Lumber (NASDAQ:WOOD) | 78.44 | 1.95% |
*Commodity prices are as of 7 am ET. Data from MarketWatch. To understand why investors track the prices of these commodities, .