# Will April Pain Lead to May Gain for Commodities? | S&P Global

> The S&P GSCI fell 9.67% in April 2020 and 47.92% year to date, with energy and agriculture underperforming while industrial metals rose 0.96%. Crude oil dropped another 40.69% in April after negative front-month prices on April 20. The IEA projects global energy demand could fall 6% in 2020.

- Date: 2020-04-30 · published 2020-04-30T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/4145-will-april-pain-lead-to-may-gain-for-commodities-s-and-p-global
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Collapsing energy demand and weak crude prices reduce biofuel economics and feed-grain demand, pressuring agricultural prices. Lower energy costs also weigh on freight and input costs.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- spglobal.com: https://www.spglobal.com/en/research-insights/market-insights/will-april-pain-lead-to-may-gain-for-commodities

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.