Crude oil price WTI spot closed the market with a moderate fall, while Brent oil bounced back, as the gap between the two commodities’ prices widen; gold and silver prices inclined, and natural gas spot price continue to zigzag as it declined while Henry Hub future rose.
Let’s review the main changes in major energy commodities market and precious metals for March 9th:
Oil and Gas prices:
Crude oil price (WTI spot) fell yesterday by 0.6% as it reached 104.38$/b.
Brent spot price on the other hand, bounced back yesterday as it inclined by 2.89% to reach 115.93$/b.
As a result the spread between the Brent oil and WTI widen yesterday to 11.55$/b.
Natural gas spot price (Henry Hub) continues to zigzag as it declined by 1.04%, to reach 3.79$/mmbtu, while the Henry Hub future rose by 1.55% to reach 3.93$/mmbtu.
Precious Metals prices:
Gold price bounced back after the previous day’s falls as it moderately inclined yesterday by 0.17%, while silver prices inclined by 1.09%.
EURO/ USD inclined yesterday by 0.02%. For a more detailed report on major currencies, check out Forex crunch.
A summary of yesterday’s Prices Changes:
The following table presents the main descriptive data from last business day – March 9th, for precious metals, energy commodities and exchange rates. The table includes: settled prices, daily percent change, and quantitative change in US dollars (except for USD/CAD, in which the change is in Canadian dollars):
For further reading (in this site):
- Natural gas prices outlook– 9 March
- Oil prices outlook – 9 March
- Gold prices bounce back in February – what will be next?
- Natural gas prices outlook for March 2011
Yearly Analysis and Outlook:
- Crude oil price in 2010 and outlook for 2011
- Natural gas spot price in 2010 and projection to 2011
- Gold Prices Outlook for 2011 and Analysis of 2010