Here is a quick daily summary for yesterday, December 8th for Major Commodity daily prices:
Despite that Silver prices did reach the 30 USD mark at the beginning of the day (GMT), eventually the Silver prices fell short from it and finished the day at 29.78 USD /t oz., with a moderate 0.14%. On the other hand, Gold prices declined after rising straight for the past week, and settling at 1,409 USD/t oz. – a 0.5% decline.
Crude oil prices, after much buzz around it rising and heading towards the 90 USD/b mark, has experienced yesterday a decline, and after rising throughout December the WTI crude oil fell by 0.77% and settled at 88.69 USD/b. On the other hand, Brent crude oil is still hovering above 90 USD and rose by 0.21% to settle at 90.76 USD/b.
Natural gas prices, had a mixture of changes as the New York City Gate Spot , after increasing on Monday by over 11%, rose yesterday by (only) 2%, while other Natural gas prices i.e. Nymex Henry Hub Future Prices (futures for January) and Henry Hub Spot fell by 2% and 0.5%, respectively.
And finally, EURO/ US dollar decreased by 0.32% as the USD continues to show strength compare to the EURO and other major currencies.
In the following table are the main descriptive data from last business day – December 7th including: settled prices, the daily percent change compare to previous business day, and the quantitative change in US dollars of each of these prices and exchange rates (except for USD/CAD, in which the change is in Canadian dollars):
For further reading:
- The US raises the 2011 oil prices estimates to 86.08 USD/b – Bloomberg
- Oil Inventories Decline in Survey on Demand from Refiners: Energy Markets – Bloomberg
- Weekly outlook – 6th to 10th of December for commodities (in this site)
- A monthly recap of Natural gas prices and Crude oil prices for November 2010 (in this site)