Commodities Recover After Grim Read on U.S. Consumer Confidence

February 27, 2025--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Broader commodities had recovered ground lost Tuesday to a bruising read on U.S. consumer confidence, though markets remain on edge ahead of the implementation of North American tariffs.

Energy markets have been volatile for much of February, with West Texas Intermediate, the U.S. benchmark for the price of oil, down about 5% so far. The price was relatively unchanged from the prior day to trade near $69 per barrel on Wednesday.