War prices: crude oil and gas contrasted, metals did well

15 agreements signed between Italy and Algeria, starting with gas (ANSA)

(ANSA) – MILAN, JULY 19 – Crude oil and natural gas move at two speeds on the 146th day of war between Russia and Ukraine. On the other hand, metals rose with the hypothesis of a recovery in demand in China after the commitments made by the Beijing government to stimulate economic growth. In any case, crude oil is resisting above 100 dollars a barrel, with WTI down 0.62% to 101.96 dollars and Brent up 0.1% to 102.7 dollars pending the advances on weekly stocks in the US. . Natural gas rises in Amsterdam (+ 3.39% to 162.45 euros per MWh) and above all on the London market, where it grows by 13.59% to 220.1 pennies per thermal unit (Mbtu), returning above the threshold of the 2 pounds. Positive metals from aluminum (+ 3.56% to $ 2,426 per ton) to copper (+ 3.28% to $ 7,426 per ton). Steel also did well (+ 2.8% to $ 3,814 a ton), iron more cautious (+ 0.75% to $ 668 a ton), nickel jumped (+ 6.54% to $ 20,652 a ton) . On the agricultural front, soft fat (-0.58% to 808 dollars per contractual unit of 5 thousand bushels) and hard (-0.63% to 868.5 dollars) lost share. (HANDLE).

Source: Ansa

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