Commodities Buzz: World Bank Reports Fall In Global Energy Prices In November, Metals Gain

6 Dec 2022 , 05:05 PM

According to the World Bank Pink Sheet commodity prices data, the global Energy prices dropped 4.5% in November, while non-energy prices inched higher (+0.7%). All main energy components registered declines: coal (-12.2%), natural gas index (-7.4%), and oil (-3.3%). Agricultural prices eased 0.4% in November. Food prices changed little as a 2.1% rise in oils & meals was balanced by a 3.9% decline in grains. Beverages dropped 5.2% while raw materials increased 2.1%. Fertilizer prices declined 5.8%. Metal prices gained 5% in November, led by nickel (16%) and tin (9.6%), as well as aluminum, copper, and lead (around 5% each). Precious metals increased 4.4%.Powered by Commodity Insights