On February 14, 2025, significant fluctuations were recorded in global commodity markets. Oil, copper, gold, silver, aluminum, and natural gas prices reacted to various factors, including changes in demand and supply, geopolitical events, and market expectations.
Crude Oil Prices Decline to $70.56
The price of crude oil on the NYMEX exchange dropped to $70.56 per barrel, representing a 0.82% decrease or -$0.58 from the previous day.
The trading range for the day was $70.50 – $71.88, indicating market volatility. Analysts attribute the decline to reports of increased U.S. energy reserves and slowing demand in major economies.
Copper Prices Drop by 2.89%
Copper prices on the COMEX exchange fell to $4.69 per pound, a 2.89% decrease from the previous day.
The price fluctuated between $4.68 and $4.89, with trading volume reaching 64.88K tons. The decline is largely attributed to reduced industrial activity in China and slower growth in the global construction sector.
Gold Prices Decline to $2883.70
Gold prices dipped to $2883.70 per ounce, a 1.76% decrease or -$51.70.
This drop is linked to investor caution surrounding potential U.S. Federal Reserve interest rate adjustments.
Silver Prices: $32.65
Silver prices fell by 0.22%, settling at $32.65 per ounce. Experts suggest the decrease mirrors gold market trends, although demand for industrial silver remains steady.
Aluminum Market Sees Gains
Aluminum prices rose by 0.92%, reaching $2613.75 per ton.
The increase is driven by heightened demand in Europe’s energy infrastructure sector.
Natural Gas Prices Increase
Natural gas prices on the Henry Hub index climbed to $3.73 per MMBtu, a 2.70% increase.
This rise is attributed to colder weather conditions and increased consumption in northern U.S. states.