Heating Oil Futures drifts down 7.21% and stands on top of this list of commodities gainers.
Markets are currently flat. Soybeans goes up 1.06%, trading at $1,434.5. Crude Oil up 1.46%, trading at $88.19.
Current market events are being influenced by ambiguous macro data as United States OPEC Crude Oil Production Algeria (Barrel) released yesterday at 15:00 UTC with a figure of 1 million, while the previous figure was 1 million.
Though yesterday was a flat session for markets, some commodities are managing to increase in value. Take a look at our top gainers.
Cotton | +2.76% in mid-session
After closing the previous trading day at $72, Cotton is up to $74 per pound, which makes for a move of 2.76%/$2 today.
Copper | +2.65% in mid-session
While in the midst of a 3 day downtrend Today's positive session could indicate a brief correction amid a broader downtrend, or, the start of a potential reversal. After closing the previous trading day at $3.38, CME Copper is up to $3.46 per pound, which makes for a move of 2.65%/8.95 cents today.
NY Heating Oil | +7.21% in mid-session
After closing the previous trading day at $4.19, Heating Oil is up to $4.49 per gallon, which makes for a move of 7.21%/30.21 cents today.