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Trading Basics

Commodity prices

Commodities are raw materials traded in bulk around the world: energy, metals and crops. Their prices feed into what we pay for fuel, heating, food and almost everything that is made or transported. Each card opens a long-term chart and a plain explanation.

These are not live prices. Fuel prices come from a weekly survey of filling stations; everything else is an average over a whole month, published weeks later. They show the trend, not what a commodity costs right now on a trading screen.

Why some famous prices are missing

The oil prices quoted in the news (Brent and WTI), the gold and silver prices, and the prices of copper, aluminium and other metals are benchmarks owned by private price agencies and exchanges. Showing them on a public website needs a paid licence, even when they are a day or a month old. We only show prices whose owners allow it: surveys run by the US government, and the World Bank's own indices and published commodity prices.

The indices still tell the story: the World Bank's metals index moves with copper and aluminium, its precious metals index mostly with gold, and the US import cost of crude oil closely follows Brent and WTI.

Prices in dollars

Most commodities are traded in US dollars. For someone paying in euros, a change in the euro-dollar exchange rate matters too: when the euro weakens, oil and food imports get dearer in euros even if the dollar price stays the same. See the euro vs dollar chart.

Where the numbers come from

Source: U.S. Energy Information Administration (14 Oct 2026). U.S. government data, in the public domain (EIA copyright and reuse). EIA's own price surveys.

Source: World Bank, Commodity Price Data (The Pink Sheet), 2 Oct 2026 edition (CC BY 4.0). Original source: World Bank calculations; US Department of Agriculture; International Coffee Organization; International Cocoa Organization; International Sugar Organization (International Sugar Agreement price).

All sources and terms.