This short trading week starts off with most of energy prices falling such as WTI crude oil and NY city gate natural gas, and precious metals rising, let’s break down the main price changes for January 18th:
Energy prices:
Crude oil price (WTI spot), after rising on Friday by 0.15% fell yesterday, very moderately, by 0.17% to settle at 91.38 $/b; Brent oil price fell by 0.22% and reached 97.09$/b.
Currently, the gap between the Brent oil and WTI is at 5.71$/b.
Natural gas spot price (Henry Hub) continues to zigzag; after it declined on Friday by nearly 0.9%, yesterday it inclined by 1.8%, and settled on 4.51 USD/MMBTU.
On the other hand, after the Nymex Henry Hub Future Price (futures for February) sharply inclined on Friday by 1.8%, yesterday it fell by nearly 1.1%. As a result, the Henry Hub future price settled on 4.43 USD/MMBTU.
The snowy weather in the Northeast, especially in New York, caused the price hike in the NY city gate natural gas spot price last week. Yesterday, this commodity price fell by 22%, this is the third straight business day it declined. In total, the NY city gate fell by 1.1% from beginning of the month.
Precious Metals prices:
Gold prices after falling last week by 1%, it increased yesterday by 0.57% to reach 1,368 $/t oz.
Silver prices, much like gold prices, fell last week by 1.9%, however yesterday increased sharply by 2.09% to reach 28.912$/t oz.
EURO/ USD fell yesterday very moderately by 0.01%, the USD weaken against the AUD, as the AUD /USD inclined by 1.07%.
A summary of yesterday’s Prices Changes:
The following table presents the main descriptive data from last business day – January 18th, 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):
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