Commodities

 

Commodities Oil prices were stable Tuesday morning after dropping 2% on Monday. Brent crude is at $84.76 a barrel and U.S. West Texas Intermediate is at $80.88 a barrel. The International Energy Agency warned that output cuts announced by OPEC+ countries could negatively impact consumers and global growth.  U.S. crude oil and natural gas production in the seven biggest shale basins is projected to reach a record high in May. Oil (NYSEARCA:OIL) 30.63 -1.98% Gold (NYSEARCA:GLD) 185.53 -0.45% Silver (NYSEARCA:SLV) 23.02 -1.24% Corn (NYSEARCA:CORN) 25.33 1.00% Lumber (NASDAQ:WOOD) 72.63 0.60% *Commodity prices are as of 7 am ET. Data from MarketWatch. To understand why investors track the prices of these commodities,.