A new analysis of data from the S&P 500 shows that commodities prices have become more expensive, while energy prices have declined in the past two years.
The S&am gauge of economic activity, which measures the pace of economic growth, also dropped, according to the data.
The data comes from data from Bloomberg Markets and data from Reuters.
Bloomberg’s Brent Crude futures closed at $30.27 per barrel on Thursday, a six-year low, after the U.S. Energy Information Administration (EIA) released data that showed U.N. Secretary-General Antonio Guterres’ comments about a possible spike in world oil supplies this year.
Crude futures for March delivery rose $5.25 to $30,931.48.
Crude for June delivery rose nearly $10 per barrel to $31.19 per barrel, the most since August, according for Reuters.