Here are the prices of some key commodities traded in New York on Tuesday:

The price of crude oil rose nearly $2 to settle at $121.79 a barrel. Earlier, oil prices went as high at $122.73 a barrel, a record high.

Coffee prices rose more than one cent to finish the day at $1.329 a pound.

Copper prices fell more than $0.65 to close at $3.913 a pound.

And cocoa futures soared $91 to end at $2,781 a ton.

Some information for this report was provided by and Bloomberg.