The energy commodities continued to rally yesterday following the positive news of the slight increase in the Philly Fed index. Crude oil prices including WTI and Brent hiked for the sixth consecutive day; natural gas Henry Hub (August delivery) and spot price also increased. Gold and silver rates changed direction and after they had declined for three consecutive days, they rose on Thursday. The Euro edged down against the USD. Several other currencies rates including the Aussie dollar increased against USD.
Here is a summary of the daily changes in precious metals and energy commodities for July 19th, 2012:
Forex and Bullion Markets:
Gold changed direction and rose by 0.61% to $1,580.4; Silver also increased by 0.45% and reached $27.22. During July, gold decreased by 1.48% and silver by 1.43%.
The Euro/USD edged down by 0.02% to 1.2281; alternatively, the U.S Dollar depreciated against several currencies such as Aussie dollar by 0.62%.
WTI oil price hiked again yesterday by 3.1% to $92.66 per barrel;
Brent oil also rose by 2.12% to $108.84 per barrel;
Following these changes, the gap between Brent and WTI edged down to $16.18/bbl. During the month, WTI increased by 9.06% and Brent oil by 12.2%.
Finally, the Henry Hub future (August delivery) rose by 0.67% to $3/mmbtu; the Henry Hub spot also increased to $2.99/mmbtu; the difference between the spot and future reached $0.01, Contango.
A Summary for July 19th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: