Oil and Natural Gas Declined Again on Thursday –Recap May 31st

Gold and silver prices changed direction again and this time edged down during Thursday. Crude oil continued its downward trend and fell (both Brent and WTI). Furthermore, the price of natural gas (spot) also declined while the future price remained unchanged. The Euro edged down by 0.01% against the USD. Several other exchange rates such as the Canadian dollar also depreciated against the USD.

Here is a summary of the daily changes in precious metals and energy commodities for May 31st, 2012:

Forex and Bullion Markets:

Gold edged down by 0.1% to $1,564.2; Silver also traded down by 0.81% and reached $27.76. During the month, gold fell by 6.01% and silver by 10.51%.

The Euro/USD slipped by 0.01% to 1.2366; furthermore, the U.S Dollar also appreciated against several currencies such as Canadian dollar by 1.45%.

Energy Commodities:

WTI oil price continued to fall, yesterday by 1.47% to $86.53 per barrel;

Brent oil also trade down by 1.45% to $102.08 per barrel;

Following these changes, the difference between Brent and WTI settled at $15.55/bbl. During the month, WTI declined by 17.49% and Brent oil by 14.7%.

Finally, the Henry Hub future (June delivery) remained unchanged at $2.42/mmbtu; the Henry Hub spot sharply fell to $2.35/mmbtu; the difference between the spot and future edged up to $0.07/mmbtu, Contango.

A Summary for May 31st:

The table below includes: closing prices, daily percent changes, and daily changes:

 Gold Silver Crude oil Natural gas 2012 may 31

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