Commodities Rally Led By Gains in Crude Oil (Brent) and Crude Oil (West Texas) - Commodities Daily Markets Wrap

Commodities climbed by 2.5% today led by gains in crude oil brent and crude oil west texas, while cocoa prices saw the largest decline

Mar 19, 2021 by Kwhen Finance Editors

Commodities Rally Led By Gains in Crude Oil (Brent) and Crude Oil (West Texas) - Commodities Daily Markets Wrap

Global commodity rose by 2.5% today fueled by a 3.0% increase in crude oil brent and a 2.8% increase in crude oil west texas. Crude Oil (Brent) is currently up 22.5% year-to-date, and up 77.1% over the past 12 months. Crude Oil (West Texas) is currently up 24.6% year-to-date, and up 92.3% over the past 12 months. Meanwhile, the S&P 500 Index is currently up 4.7% year-to-date, and up 66.2% over the past 12 months. The Dow Jones Industrial Average is currently up 8.0% year-to-date, and up 68.6% over the past 12 months.

Sector Performance

  • The S&P GSCI Total Return Index, the leading measure of general commodity price movements, rose by 2.5%.
  • The Bloomberg Commodity Index TR, which measures the collateralized returns from a basket of 23 commodity futures contracts, declined by rose by 1.3%.
  • Crude Oil (Brent) rose the most with a 3.0% gain
  • Cocoa fell the most with a 2.5% decline
  • Others commodities that gained include Crude Oil (West Texas), Natural Gas and Soybean, which rose by an average of 2.0%
  • Others commodities that declined include Sugar and Wheat, which rose by an average of -0.6%
NameTickerDoD %ΔYTD %Δ1 Yr %Δ2 Yr %Δ5 Yr %Δ
Market
S&P GSCI Total Return IndexGSG+2.5%+12.4%+47.0%-13.3%-3.1%
Bloomberg Commodity Index TRDJCB+1.3%+7.4%+29.0%+5.6%+5.6%
S&P 500SPY0.0%+4.7%+66.2%+43.3%+109.9%
Dow Jones Industrial AverageDIA0.0%+8.0%+68.6%+32.4%+108.8%
Gainers
Crude Oil (Brent)BNO+3.0%+22.5%+77.1%-17.4%+22.9%
Crude Oil (West Texas)DBO+2.8%+24.6%+92.3%+1.7%+36.2%
Natural GasUNG+2.2%+1.0%-27.1%-62.9%-65.2%
SoybeanSOYB+1.0%+6.4%+52.6%+28.8%+16.4%
SilverSLV+0.87%-1.9%+115.0%+67.5%+60.3%
CornCORN+0.77%+8.0%+29.6%+6.9%-20.4%
CopperCPER+0.68%+15.3%+85.6%+37.4%+63.4%
GoldIAU+0.48%-8.8%+15.9%+32.5%+36.6%
CoffeeJO+0.22%-0.9%+8.4%+6.5%-24.8%
Losers
CocoaNIB-2.5%+2.8%+21.0%+29.6%-19.4%
SugarSGG-0.97%+7.1%+43.1%+10.9%-0.2%
WheatWEAT-0.17%-2.9%+14.3%+12.8%-32.2%

Relative Sector Performance

  • Relative to the S&P GSCI Total Return Index, Crude Oil (Brent) outperformed the most by +0.6%. with Crude Oil (West Texas) as the next best performer with a relative outperformance of +0.3%.
  • Relative to the S&P GSCI Total Return Index, Cocoa underperformed the most by -4.9%. with Sugar as the next worst performer with a relative underperformance of -3.4%.
  • Additional commodities that underperformed the S&P GSCI Index included Wheat, Coffee and Gold by an average of -2.3%.
NameTickerDoD %ΔYTD %Δ1 Yr %Δ2 Yr %Δ5 Yr %Δ
Market
S&P GSCI Total Return IndexGSG+2.5%+12.4%+47.0%-13.3%-3.1%
Relative Outperformers
Crude Oil (Brent)BNO+0.59%+10.1%+30.1%-4.1%+26.0%
Crude Oil (West Texas)DBO+0.31%+12.1%+45.3%+15.1%+39.4%
Relative Underperformers
CocoaNIB-4.9%-9.6%-26.0%+43.0%-16.3%
SugarSGG-3.4%-5.3%-3.9%+24.2%+3.0%
WheatWEAT-2.6%-15.3%-32.7%+26.1%-29.1%
CoffeeJO-2.2%-13.3%-38.6%+19.8%-21.7%
GoldIAU-2.0%-21.2%-31.1%+45.8%+39.8%
CopperCPER-1.8%+2.9%+38.6%+50.8%+66.5%
CornCORN-1.7%-4.4%-17.4%+20.2%-17.3%
SilverSLV-1.6%-14.3%+68.0%+80.8%+63.5%
SoybeanSOYB-1.4%-6.0%+5.6%+42.1%+19.5%
Natural GasUNG-0.30%-11.4%-74.1%-49.6%-62.1%

This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2021 Kwhen Inc.

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