Crude Oil Prices Tumbled Down on Monday–Recap July 23rd

Crude oil prices including WTI and Brent tumbled down during the first day of the week. This was the second consecutive business day in which oil rates declined.  Natural gas Henry Hub (August delivery) and spot price continued to rally. Gold and silver rates edged down on Monday. The Euro also declined against the USD. Several other currencies rates including the Aussie dollar also fell against USD.

Here is a summary of the daily changes in precious metals and energy commodities for July 23rd, 2012:

Forex and Bullion Markets:

Gold declined by 0.34% to $1,577.4; Silver also fell by 0.95% and reached $27.04. During July, gold decreased by 1.67% and silver by 2.06%.

The Euro/USD decreased again by 0.34% to 1.2117; further, the U.S Dollar also appreciated against several currencies such as Aussie dollar by 1.15%.

Energy Commodities:

WTI oil price tumbled down yesterday by 3.86% to $87.91 per barrel;

Brent oil also plummeted by 2.88% to $104.24 per barrel;

Following these changes, the difference between Brent and WTI rose to $16.33/bbl. During the month, WTI increased by 3.47% and Brent oil by 7.5%.

Finally, the Henry Hub future (August delivery) rose by 1.3% to $3.12/mmbtu; the Henry Hub spot also increased to $3.06/mmbtu; the difference between the spot and future remained at $0.06, Contango.

A Summary for July 23rd:

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

 Gold Silver Crude oil Natural gas 2012 July 23

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