Five Key Charts to Watch in Global Commodities This Week
US crude inventories shrank by 1 million barrels in the last full week of 2024 as stockpiles in the vital storage hub of Cushing, Oklahoma, held to a 17-year seasonal low.
Photographer: Shane Bevel/Bloomberg
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A basket of the world’s key commodities rose in 2024, helped in part to gold’s stellar run. Coffee and cocoa were top performers among raw materials, much to the chagrin of chocolate lovers and coffee drinkers yearning for lower prices. And crude oil stockpiles at the largest US storage hub have fallen to the lowest seasonal level since 2007.
Here are five notable charts to consider in global commodity markets as the week gets underway.