Brent oil turned out to be a better investment than natural gas in November this year, according to the data compiled by Anadolu Agency on Wednesday.
Among the most-traded 18 products in the commodity market, 14 products brought gains to their investors but the prices of four others fell.
Brent oil yielded a 25.9% monthly return on investment while natural gas recorded the biggest loss among other commodities with a 16.9% fall in November.
Brent oil rallied in November on optimism that demand would start to rebound once Covid-19 vaccines are widely distributed, and with uncertainties cleared over US presidential elections, and terror attacks on Saudi Aramco oil facilities.
The price of Brent was also supported by expectations of a possible extension of the production cuts by the Organization of Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+.
Among other commodities that yielded profits were cocoa with 18.8%, coffee 18.1%, lead 16.1%, copper 14.7%, platinum 14.1%, soybean 10.6%, zinc 10.3%, aluminum 9%, 4, palladium 7.2%, nickel 7%, corn 6.9%, cotton 4.7% and sugar 1%.
-Natural gas investors yield most return in 2020
Investors trading natural gas gained 31.7% from January to November in 2020 while Brent oil recorded the sharpest fall with 28.5% over the same period.
Other commodities which brought profit were silver with 26.6%, copper 24.8%, palladium 22.5%, soybean 22.3%, zinc 21.8%, gold and nickel 17%, aluminum 12.1%, corn 9.9%, sugar 8.1%, lead and cocoa 7.8%, wheat 4.7%, cotton 4.5%, platinum 0.2%.
By Sibel Morrow