Crude oil price, after rising all week, the WTI spot price fell yesterday, very moderately, by 0.5%, while Brent price fell by 0.07%.
Despite this recent decline, crude oil price (WTI) is still up this week by 2.4%, and Brent spot price is up 2.3%.
Natural gas spot price (Henry Hub) after bouncing back on Wednesday by a nearly 3% rise, yesterday it fell back by 1.8%, settling on 4.47 USD/MMBTU. As a result, the Henry Hub spot price fell by 0.4% all week.
Nymex Henry Hub Future Price (futures for February), after rising most of the week, it fell yesterday by nearly 2.9%. As a result, the Henry Hub future price returned to the same 4.4 USD/MMBTU price level it was at the beginning of the week.
The snowy weather in the Northeast, especially in New York, caused the price hike in the NY city gate natural gas spot price all week. After rising all week, it fell yesterday by nearly 7%. Nevertheless, this commodity price rose this week by a total of 40%.
In regards to gold prices yesterday it increased very moderately by a 0.1%, while silver prices, fell by 0.95%.
Silver prices, despite this recent fall, are still up this week by 1.4%, while gold prices are up 0.9%.
EURO/ USD continues to rise for the fourth straight day, yesterday it rose by 1.77%; the USD, has also weaken against the YEN, as the USD/YEN declined by 0.22%.
A summary of yesterday’s Prices Changes:
The following table presents the main descriptive data from last business day – January 13th, 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):
Crude oil price in 2010 and outlook for 2011
Natural gas spot price in 2010 and projection to 2011
Weekly outlook for Crude oil, Natural gas and Gold 10-14 January