Oil and Natural Gas Rose on Tuesday–Recap June 26th

Gold and silver prices changed direction and declined on Tuesday after they started off the week rising. Crude oil price (WTI) changed direction and edged up while Brent oil hiked and thus widen the gap between Brent and WTI. Natural gas Henry Hub (July delivery) continued to rise. The Euro slightly depreciated again against the USD. Several other exchange rates such as the Aussie dollar appreciated vs USD.

Here is a summary of the daily changes in precious metals and energy commodities for June 26th, 2012:

Forex and Bullion Markets:

Gold declined by 0.85% to $1,574; Silver also decreased by 1.75% and reached $27.1. During the month, gold increased by 0.68% while silver declined by 2.36%.

The Euro/USD decreased by 0.1% to 1.2492; alternatively, the U.S Dollar depreciated against several currencies such as Australian dollar by 0.53%.

Energy Commodities:

WTI oil price bounced back yesterday by 0.44% to $79.36 per barrel;

Brent oil hiked by 1.8% to $92.36 per barrel;

Following these changes, the difference between Brent and WTI reached $12.94/bbl. During the month, WTI decreased by 8.29% and Brent oil by 9.6%.

Finally, the Henry Hub future (July delivery) hiked again by 2.6% to $2.76/mmbtu; the Henry Hub spot remained unchanged at $2.70/mmbtu; the difference between the spot and future rose to $0.06, Contango.

A Summary for June 26th:

The table below includes: closing prices, daily percent changes, and daily changes:

 Gold Silver Crude oil Natural gas 2012 June 26

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