Mixed trend in commodity markets
Istanbul, May 15 (Hibya) - Mixed price movements were observed in commodity markets during the trading day. While oil prices increased, gold, silver, and copper recorded declines.
Different asset groups in commodity markets showed diverging trends during the trading session.
Gold futures fell by 1.87 percent to 4,595.55, while silver prices traded at 80.815 after a 5.29 percent decline. Copper prices also dropped by 2.91 percent to 6.3890.
On the energy side, an upward trend stood out. The price per barrel of West Texas Intermediate crude oil rose by 1.48 percent to $102.67. The price per barrel of Brent Crude oil also increased by 1.28 percent, trading at $107.07.
Natural gas prices declined by 0.10 percent, while heating oil rose by 0.46 percent. RBOB gasoline contracts posted a 0.89 percent increase.
Among agricultural commodities, U.S. soybean prices rose by 0.26 percent, while U.S. wheat prices declined by 0.25 percent.
It was noted that geopolitical developments, global demand expectations, and concerns over energy supply continue to influence market pricing.
Usa News Agency
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