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Commodity Market April 2025: Oil Slumps, Gold Shines, and Food Prices Climb

  April 2025 brought a whirlwind of activity to the global commodity markets. From collapsing oil prices to surging food and gold costs, nearly every corner of the market experienced notable swings. This blog breaks down the highs, the lows, and what might be coming next for commodities across energy, agriculture, and metals. 🛢️ Energy Markets: Oil Takes a Nosedive One of the biggest shocks in April came from the oil market. Crude oil prices dropped nearly 19%—their worst monthly drop since 2021. This surprising downturn came after OPEC+ announced it would increase oil output by over 400,000 barrels per day starting in May. The production hike was unexpected and contradicted earlier projections, shaking investor confidence and creating oversupply fears. Brent crude oil prices sank to around $63 per barrel, while West Texas Intermediate (WTI) dropped below $60—a major psychological and economic threshold. The decision by OPEC+ may have been influenced by geopolitical pressure,...