Energy drives raw materials surge

Crude oil is back near $75 a barrel, driving a commodities boom as the world emerges from lockdown – a remarkable comeback after plunging below zero for the first time last year
 

12-month price change (Selected commodities to July 1, 2021) 

Platinum	23.83%
Wheat 		34.04%
Cotton 		34.28%
Silver 		44.91%
Sugar 		50.17%
Copper 		56.53%
Coffee 		60.15%
Soybeans	60.90%
Brent crude oil	$75.03/ barrel 77.62%
WTI crude	$73.95/ barrel 85.57%
Natural gas	$3.71/MMBtu   119.06%

 
Apr 20, 2020: Price of West Texas Intermediate crude falls to -$37.63 a barrel
 
  
Source: Financial Times Commodities Futures 
Picture: Getty Images 
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