Strong buying pressure led to a 1.4% increase in the MXV-Index.

The global commodities market is experiencing positive developments as buying pressure returns and dominates across the board.

The MXV-Index rose nearly 1.4% to 2,754 points. Source: MXV

The main driving force came from the energy and industrial materials sectors amid rising geopolitical risks. At closing, the MXV-Index rose nearly 1.4% to 2,754 points.

The energy market continues to attract the attention of domestic and foreign investors as all five key commodities simultaneously increased in price, with crude oil playing a leading role.

The energy market is turning green. Source: MXV

At the close of trading, Brent crude rose approximately 4.55% to $104.50 per barrel, while WTI crude increased nearly 4.8% to $92.35 per barrel. The price difference between the two types of oil widened to more than $12 per barrel, reflecting the increased risk of global supply disruptions.

This development marks a reversal from earlier in the week, when oil prices had fallen sharply due to expectations of renewed negotiations. However, the market remains sensitive as conflicting information continues to emerge. Some signs of de-escalation are also beginning to appear, with the US indicating some progress in diplomatic efforts with Iran.

Green dominates the industrial raw materials market. Source: MXV

Conversely, the industrial raw materials market also saw overwhelming gains, with coffee being a bright spot. Arabica futures for May delivery rose 3.53% to $7,007 per ton, the highest level since early February, while Robusta edged up slightly to $3,662 per ton.

In the domestic market, the price of bulk green coffee beans in the Central Highlands yesterday decreased slightly by 400 VND/kg, to 93,600 VND/kg. However, liquidity remained low as farmers continued to hold onto their stock, waiting for higher prices. This reflects the cautious sentiment of sellers in the face of unpredictable developments in the international market.

Source: https://hanoimoi.vn/luc-mua-ap-dao-chi-so-mxv-index-tang-1-4-740953.html