Kinshasa, June 5th, 2025 (CPA).– The price of a barrel of oil, an export product of the Democratic Republic of Congo, stood at USD 63.6 on May 29th, 2025 compared to USD 63.9 a week earlier, representing a weekly decline of 0.4%, according to the Central Bank of Congo in its economic report for May 23rd-30th, 2025, received on Thursday by CPA. ‘The price of a barrel of oil stood at USD 63.6 on May 29th, 2025, representing a weekly decline of 0.4%, weighed down by concerns about US debt and the prospect of a possible increase in production by OPEC countries,’ it is read in a document.
On an annual basis, the price per barrel is down 14.5%, the source has specified. Copper, on the other hand, remained stable at USD 9,561.1 per tonne, and unchanged from the previous week but up 8.8% from the end of December 2024. Cobalt remained at USD 33,005.0 per tonne, recording an annual increase of 37.2%. The price of an ounce of gold stood at $3,318.9, down 0.5% from the previous week, due in particular to the United States’ postponement of customs tariffs on the European Union. Year-on-year, the yellow metal rose by 25.8%. Regarding cereals, rice and corn prices rose by 3.3% and 0.3% respectively, to USD 294.3 and USD 165.0 per tonne, due to unfavourable weather conditions. Wheat, on the other hand, fell by 1.3% to USD 197.6 per tonne. Compared to the end of December 2024, rice, wheat and corn prices fell by 5.0%, 2.5% and 2.2% respectively.