Commodities

 

Commodities Oil prices rose after OPEC+ said it plans to cut production by 1.16 million barrels per day.  The cuts will start in May and continue gradually until the new output target is reached at the end of this year.  Brent crude surged 6.31% and U.S. West Texas Intermediate crude jumped 6.28%.  Saudi Arabia said the cuts will help stabilize the international oil markets.  Oil (NYSEARCA:OIL) 30.50 5.35% Gold (NYSEARCA:GLD) 184.54 0.72% Silver (NYSEARCA:SLV) 22.06 -0.27% Corn (NYSEARCA:CORN) 25.27 0.16% Lumber (NASDAQ:WOOD) 71.84 0.35% *Commodity prices are as of 7 am ET. Data from MarketWatch. To understand why investors track the prices of these commodities,.