By French Edition Delayed futures quotes via Yahoo Finance, cached ~15 min — for information only, not investment advice.
Crude oil futures fell to $71.29 per barrel, marking a decrease of 1.10% or $0.79 on the day. This decline is attributed to a combination of rising U.S. inventories and concerns over demand amid economic uncertainties.
In contrast, copper prices increased by 1.05%, reaching $6.28 per pound. The uptick is driven by robust demand from the renewable energy sector and ongoing infrastructure projects, particularly in China, which continues to recover from previous slowdowns.
Coal prices surged to $104.75 per tonne, up 8.32% or $8.05. This significant rise can be linked to supply constraints in key exporting regions and increased demand for coal as countries grapple with energy security amid ongoing geopolitical tensions.
Overall, the commodities market today reflects a mixed sentiment, with energy prices under pressure while industrial metals like copper benefit from strong demand dynamics.