In the commodities asset class in April 2026, crude oil, gasoline, the gasoline refining spread, cotton, and Bitcoin posted double-digit percentage gains. Rotterdam coal was the only commodity that declined by just over 10%, while natural gas, world sugar futures, and lumber futures were down by over 6%. The leading stock market indices moved higher, while the long bond futures declined. The dollar index fell 1.12%. A lower dollar and higher interest rates sent mixed signals to commodities.
