Crude oil and natural gas prices update for 29th of October

Today, October 29th, the crude oil price dropped a bit below the 82 mark. The market still seems to be stable and for the near future, i.e. next week, it will become apparent if and how the  Fed Reserve meeting regarding the quantitative easing, stage two will affect the currency and commodities markets.

The crude oil price of futures for December 2010 is at 81.70 USD per barrel, as of 15.00PM GMT, on the New York Mercantile Exchange (Nymex), which represents a 0.48 dollar decrease and a 0.6% drop compare to yesterday.

The WTI spot price, also settled, as of 15.00PM GMT at 81.84 USD per barrel, a drop of 0.41%.

The ICE Brent crude oil futures for December 2010 reached 83.28 USD per barrel – a 0.37 percent decrease as of 14.30PM GMT.

The natural gas prices are still around the four dollars per MMBTU (one million BTU); in particular, today as of 15.00PM GMT  the Nymex Henry Hub Future price for December 2010 is trading at 3.98 $ which is a 2.37% increase compare to yesterday.