Crude oil prices including both WTI and Brent continued to trade up and rose for the fourth consecutive day; gold and silver rates edged down for the second consecutive day. Natural gas Henry Hub (August delivery) and spot price also decreased. The Euro slightly increased against the USD. Many other currencies rates including the Aussie dollar also rose against USD.
Here is a summary of the daily changes in precious metals and energy commodities for July 17th, 2012:
Forex and Bullion Markets:
Gold slipped again by 0.13% to $1,589.5; Silver also declined by 0.02% and reached $27.32. During July, gold decreased by 0.92% and silver by 1.07%.
The Euro/USD rose by 0.19% to 1.2294; further, the U.S Dollar also declined against several currencies such as Aussie dollar by 0.65%.
WTI oil price rose again yesterday by 0.89% to $89.22 per barrel;
Brent oil also edged up by 0.25% to $104.66 per barrel;
Following these developments, the gap between Brent and WTI slipped to $15.44/bbl. During the month, WTI increased by 5.01% and Brent oil by 7.9%.
Finally, the Henry Hub future (August delivery) decreased by 0.36% to $2.79/mmbtu; the Henry Hub spot also decreased to $2.83/mmbtu; the difference between the spot and future reached -$0.04, Backwardation.
A Summary for July 17th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: