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Economics: Oil Rises amid US-China Trade Deal Optimism

Oil prices edged higher on Tuesday, on hopes of progress in the year-long trade war between the world´s two biggest economies after President Trump predicted a deal with China after positive gestures by Beijing. US crude oil rose as much as 0.7% to $54.04 per barrel around 09:40 AM London time, while Brent crude added nearly 0.6% to $59.12 per barrel. Historically, Crude oil reached an all time high of 147.27 in July of 2008 and a record low of 1.17 in February of 1946.

EnergyPriceDayWeeklyMonthlyYearlyDate
Crude Oil54.2685 0.611.14 %-3.69%-3.25%-20.83%13:13
Brent59.2505 0.440.75 %-1.36%-6.29%-22.04%13:13
Natural gas2.2327 0.001-0.04 %0.22%3.82%-22.06%13:13
Gasoline1.6392 0.0211.30 %-2.50%-12.04%-21.15%13:13
Heating oil1.8045 0.01230.69 %-2.94%-5.80%-18.61%13:13
Ethanol1.2950 0.000.00%-0.54%-11.84%-0.38%Aug/27
Naphtha445.60 1.15-0.26%0.36%-11.31%-30.25%Aug/26
Propane0.40 0.000.15%4.07%-17.81%-58.70%Aug/26
Uranium25.3000 0.000.00%0.60%-1.56%-3.44%Aug/26
MetalsPriceDayWeeklyMonthlyYearlyDate
Gold1532.31 5.90.39 %1.76%7.48%27.69%13:13
Silver17.9737 0.32851.86 %4.76%9.00%22.32%13:13
Platinum861.83 6.830.80%1.56%-1.95%9.72%Aug/27
AgriculturalPriceDayWeeklyMonthlyYearlyDate
Soybeans847.4615 8-0.94 %-0.97%-4.32%3.29%13:11
Wheat472.1868 1.00-0.21%2.65%-6.22%-5.23%Aug/27
Cotton57.43 0.23-0.40 %-2.91%-9.91%-31.45%Aug/27
Rice11.2200 0.242.19%2.19%-8.85%5.90%Aug/26
Cheese1.8270 0.000.00%-0.22%0.50%17.12%Aug/26
Palm Oil2,369.00 27.00-1.13%1.85%-2.07%8.22%Aug/27
Milk17.60 0.010.06%-0.11%0.74%17.10%Aug/26
Orange Juice98.50 2.452.55%4.34%-3.15%-37.68%Aug/26
Lumber363.30 3.400.94%-2.31%8.19%-18.74%Aug/26
Wool1,497.00 0.000.00%-1.06%-14.65%-27.86%Aug/26
Tea3.18 0.000.00%15.64%10.80%-2.75%Aug/26
Cocoa2,166.00 31.00-1.41%0.79%-9.11%-5.62%Aug/27
Rubber156.50 1.701.10%-8.91%-31.30%-1.26%Aug/27
Coffee93.30 0.85-0.90%2.02%-7.76%-6.00%Aug/27
Canola448.80 0.400.09%-0.58%-0.13%-8.15%Aug/27
Oat257.4653 5.50-2.09%-5.60%-0.50%4.13%Aug/27
Sugar11.41 0.02-0.17%-0.26%-5.47%10.67%Aug/27
Corn358.2666 0.75-0.21 %-0.41%-14.15%4.99%13:05
LivestockPriceDayWeeklyMonthlyYearlyDate
Live Cattle105.5229 0.030.02%5.31%-2.88%-2.11%Aug/27
Beef10.56 0.01-0.09%-0.19%1.15%8.64%Aug/26
Poultry4.60 0.02-0.43%-0.22%-1.08%22.99%Aug/26
Feeder Cattle135.1777 3.50-2.52%-0.37%-5.01%-9.49%Aug/27
Lean Hogs63.0035 0.80-1.25%-1.60%-25.37%21.16%Aug/27
IndustrialPriceDayWeeklyMonthlyYearlyDate
Copper2.5535 0.0180.71 %-0.92%-5.88%-6.72%13:13
Bitumen3,400.00 4.000.12%0.59%-2.52%5.00%Aug/27
Steel3,626.00 94.00-2.53%-4.33%-10.91%-19.17%Aug/27
Cobalt32,600 0.000.00%0.00%16.43%-49.26%Aug/26
Coal67.00 0.100.15%-1.76%-10.67%-38.25%Aug/27
Palladium1,481.87 8.370.57%-0.61%-4.61%57.48%Aug/27
Lead2,070.00 0.000.00%0.91%1.40%0.25%Aug/26
Aluminum1,744.25 4.000.23%-1.34%-2.26%-17.04%Aug/26
Tin15,906.00 295.00-1.82%-3.61%-9.77%-16.66%Aug/26
Zinc2,253.00 9.000.40%-0.35%-8.71%-11.26%Aug/26
Nickel15,723.00 0.000.00%-1.38%9.76%15.69%Aug/26
Molybdenum28.00 0.000.00%0.00%2.75%-4.27%Aug/26
Iron Ore88.00 1.001.15%-5.38%-25.42%32.33%Aug/26
Neodymium395,500.00 0.000.00%2.33%2.73%-2.94%Aug/26
Iron Ore 62% fe92.4500 0.43-0.46%-1.24%-23.12%37.13%Aug/26
Rhodium4,120.00 120.003.00%5.37%17.21%73.11%Aug/26
Manganese37.00 0.000.00%0.00%1.37%-10.84%Aug/26
Lithium90.24 0.93-1.02%-5.11%-12.20%-27.58%Aug/26
Soda Ash1,726.67 0.000.00%2.98%4.02%-4.83%Aug/27
IndexPriceDayWeeklyMonthlyYearlyDate
Baltic Dry2,168.00 50.002.36%3.83%7.65%28.74%Aug/26
CRB Index177.71 0.350.19%-1.06%-4.85%-9.84%Aug/26
LME Index2,723.80 0.000.00%-1.61%-4.55%-9.14%Aug/26
S&P GSCI2,329.15 0.000.00%-1.48%-5.65%-14.35%Aug/26

 

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