In the past year, global oil prices have fallen from their lows. Even so, West Texas Intermediate (WTI) crude oil closed positive at the close of trading on Monday (28/11).
Tuesday (29/11) U.S. West Texas Intermediate (WTI) crude closed up 96 cents, or 1.3 percent, to USD 77.24, after touching its lowest level since December 2021 at USD 73.60. Brent crude settled at USD 83.19 a barrel, down 0.5 percent.
Coal
Coal prices were observed to rise in trading on Monday (28/11). According to the ICE Newcastle (Australia) exchange, the December 2022 contract coal price rose 18.2 percent to USD 379 per ton.
The same thing also happened for the coal price contract in February 2023 which increased by 14.45 percent to USD 365 per ton.
Crude palm oil (CPO) prices were observed to strengthen in trading on Monday (28/11). Based on the Malaysia Exchange, the CPO price of the January 2023 contract rose 1.08 percent to MYR 4,140 per ton.
Meanwhile, CPO prices for the February 2023 contract rose 0.7 percent to MYR 4,091 per ton. And for the March 2023 contract, it also strengthened by 0.9 percent to MYR 4,099 per ton.
Nickel
Nickel prices were observed to fall at the close of trading on Monday (28/11). Nickel prices on the basis of the London Metal Exchange (LME) closed down 2.62 percent to USD 25,416 per tonne.
Tin
Tin prices declined at the close of trading on Monday (28/11). Based on the LME website, Tin prices closed down 0.03 percent to USD 22,231 per tonne.
Image source: PT Antam
