Brent Settles Close to $72 Barrel After A Strong Week For Energy Commodities

Gold and silver did well today on dollar weakness, while some of the most popular recent trades like CO2 permits and lumber fizzled

Published Jun 4, 2021 7:04 PM ET

Brent Spot Prices rising, as is the 6-month backwardation | Source: Refinitiv

ENERGY

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METALS

AGRICULTURE

Freightos Baltic Europe To South America West Coast Container Index up 13.6% (YTD: 108.1%)
Zhengzhou Exchange Thermal Coal up 6.6% (YTD: 0.7%)
Freightos Baltic Europe To North America East Coast 40 Container Index up 3.9% (YTD: 142.7%)
CBoT Soybean Oil up 3.6% (YTD: 64.6%)
Pork Primal Cutout Butt up 3.3% (YTD: 143.8%)
CBoT Corn up 3.1% (YTD: 41.1%)
ICE-US Coffee up 2.6% (YTD: 26.0%)
CBoT Soybeans up 2.2% (YTD: 20.4%)
Freightos Baltic China/East Asia To North America West Coast 40 Container Index up 2.1% (YTD: 36.4%)
ICE-US Cotton No. 2 up 1.9% (YTD: 9.8%)

CBOE Crude Oil Volatility Index down -6.3% (YTD: -16.0%)
Johnson Matthey Rhodium New York 0930 down -4.3% (YTD: 32.0%)
CME Random Length Lumber down -3.2% (YTD: 47.1%)
SHFE Copper down -2.4% (YTD: 22.6%)
SHFE Nickel down -2.2% (YTD: 5.4%)
SHFE Zinc down -2.1% (YTD: 7.6%)
Coffee Arabica Colombia Excelso Spot down -2.0% (YTD: 20.0%)
CME Cattle (Feeder) down -2.0% (YTD: 7.9%)
SHFE Lead Continuation Month 1 down -1.8% (YTD: 2.2%)
SHFE Aluminum down -1.3% (YTD: 16.6%)
SHFE Hot Rolled Coil down -1.3% (YTD: 21.8%)

WTI crude front month currently at US$ 69.62 per barrel, up 1.2% on the day (YTD: +43.5%); 6-month term structure in widening backwardation
Brent crude front month currently at US$ 71.89 per barrel, up 0.8% on the day (YTD: +38.8%); 6-month term structure in tightening backwardation
Brent volatility at 26.7, down -1.8% on the day (12-month range: 24.7 - 58.9)
Newcastle Coal (ICE Europe) currently at US$ 119.75 per tonne, up 0.6% on the day (YTD: +48.8%)
Natural Gas (Henry Hub) currently at US$ 3.10 per MMBtu, up 1.8% on the day (YTD: +22.0%)
Gasoline (NYMEX) currently at US$ 2.21 per gallon, up 0.4% on the day (YTD: +57.0%); 6-month term structure in widening backwardation
Low Sulphur Gasoil (ICE Europe) currently at US$ 581.25 per tonne, up 0.9% on the day (YTD: +38.1%)

Copper (COMEX) currently at US$ 4.53 per pound, up 1.5% on the day (YTD: +29.1%)
Iron Ore (Dalian Commodity Exchange) currently at CNY 1,279.50 per tonne, unchanged (YTD: +18.6%)
Aluminium (Shanghai) currently at CNY 18,455 per tonne, down -1.3% on the day (YTD: +16.6%)
Nickel (Shanghai) currently at CNY 132,520 per tonne, down -2.2% on the day (YTD: +5.4%)
Lead (Shanghai) currently at CNY 14,945 per tonne, down -1.8% on the day (YTD: +2.2%)
Rebar (Shanghai) currently at CNY 4,860 per tonne, up 0.2% on the day (YTD: +15.2%)
Tin (Shanghai) currently at CNY 204,940 per tonne, down -1.2% on the day (YTD: +34.9%)
Zinc (Shanghai) currently at CNY 22,600 per tonne, down -2.1% on the day (YTD: +7.6%)
Refined Cobalt (Shanghai) spot price currently at CNY 346,500 per tonne, unchanged (YTD: +26.5%)
Lithium (Shanghai) spot price currently at CNY 620,000 per tonne, unchanged (YTD: +27.8%)

Gold spot currently at US$ 1,890.11 per troy ounce, up 1.1% on the day (YTD: -0.4%)
Gold 1-Month ATM implied volatility currently at 12.08, down -2.5% on the day (YTD: -22.4%)
Silver spot currently at US$ 27.78 per troy ounce, up 1.3% on the day (YTD: +5.3%)
Silver 1-Month ATM implied volatility currently at 27.94, down -1.3% on the day (YTD: -31.9%)
Palladium spot currently at US$ 2,844.00 per troy ounce, up 0.1% on the day (YTD: +16.3%)
Platinum spot currently at US$ 1,165.01 per troy ounce, up 0.7% on the day (YTD: +9.0%)
Rhodium (Johnson Matthey, New York 09:30) currently at US$ 22,500 per troy ounce, down -4.3% on the day (YTD: +32.0%)
Iridium (Johnson Matthey, New York 09:30) currently at US$ 6,300 per troy ounce, unchanged (YTD: +142.3%)

Live Cattle (CME) currently at US$ 116.83 cents per pound, unchanged (YTD: +3.4%)
Lean Hogs (CME) currently at US$ 119.50 cents per pound, up 0.1% on the day (YTD: +70.0%)
Rough Rice (CBOT) currently at US$ 13.31 cents per hundredweight, up 0.1% on the day (YTD: +7.3%)
Soybeans Composite (CBOT) currently at US$ 1,583.75 cents per bushel, up 2.2% on the day (YTD: +20.4%)
Corn (CBOT) currently at US$ 682.75 cents per bushel, up 3.1% on the day (YTD: +41.1%)
Wheat Composite (CBOT) currently at US$ 687.75 cents per bushel, up 1.7% on the day (YTD: +7.4%)
Sugar No.11 (ICE US) currently at US$ 17.69 cents per pound, up 1.6% on the day (YTD: +14.3%)
Cotton No.2 (ICE US) currently at US$ 85.85 cents per pound, up 1.9% on the day (YTD: +9.8%)
Cocoa (ICE US) currently at US$ 2,407 per tonne, down -0.2% on the day (YTD: -7.5%)
Coffee Arabica (Colombia Excelso) currently at EUR 3,799 per tonne, down -2.0% on the day (YTD: +20.0%)
Random Length Lumber (CME) currently at US$ 1,284.20 per 1,000 board feet, down -3.2% on the day (YTD: +47.1%)
TSR 20 Rubber (Shanghai) currently at CNY 10,505 per tonne, up 0.2% on the day (YTD: +5.1%)
Soybean Oil Composite (CBOT) currently at US$ 71.34 cents per pound, up 3.6% on the day (YTD: +64.6%)
Crude Palm Oil (Bursa Malaysia) currently at MYR 4,230 per tonne, down -0.8% on the day (YTD: +8.7%)

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Baltic Dry Index (Baltic Exchange) currently at 2,472, down -2.3% on the day (YTD: +81.0%)
Freightos China To North America West Coast Container Index currently at 5,730, up 2.1% on the day (YTD: +36.4%)
Freightos North America West Coast To China Container Index currently at 1,014, unchanged (YTD: +95.9%)
Freightos North America East Coast To Europe Container Index currently at 645, unchanged (YTD: +77.6%)
Freightos Europe To North America East Coast Container Index currently at 4,536, up 3.9% on the day (YTD: +142.7%)
Freightos China To North Europe Container Index currently at 10,681, unchanged (YTD: +88.6%)
Freightos North Europe To China Container Index currently at 1,739, unchanged (YTD: +26.4%)
Freightos Europe To South America West Coast Container Index currently at 3,520, up 13.6% on the day (YTD: +108.1%)

EUA futures front month (European Energy Exchange) currently at EUR 49.97 per tonne, down -0.5% on the day (YTD: +52.7%)

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