Crude oil & natural gas prices update – daily recap Jan 7

Crude oil price (WTI), continues to fall for the second straight day as it decreased yesterday by a moderate 0.4%.

For natural gas spot price there is an ongoing decline for the Henry Hub spot price, yesterday by over 1% – this is the third straight day it has been falling, despite the cold weather and increase in consumption as I have referred to in my last review on the EIA report on natural gas consumption and storage.

On the other hand, NY city gate natural gas spot price keeps on increasing, yesterday by over 10%.

As for the Nymex Henry Hub Future Price (futures for February), it continues to fall, this time it decreased by a moderate 0.23%.

Gold and Silver prices continue to fall for the fourth straight day, this time by 0.2% and 1.56%, respectively. And thus completing a 3.8% and 7.9%, respectively, decrease from beginning to end of the week.

EURO/ USD continues to devaluate, as it did most of the week, as the USD is showing strength against the EURO; yesterday the EURO/ USD decreased by nearly 0.74%; the USD also strengthen against the YEN, as the USD/YEN fell by nearly 0.2%.

A summary of yesterday’s Prices Changes:

The following table presents the main descriptive data from last business day – January 7th, 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):

Natural gas spot price, Crude oil price, current Gold prices Silver prices Daily Recap January 7

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