Oil finished the week with rises | gold declined – Recap May 13

The commodities market finished the week with crude oil prices (WTI spot oil and Brent oil) rising, while gold prices finished falling.

Here is a summary of the changes in commodities and precious metals for May 13th:

Oil and Gas prices:

Spot oil price (WTI) rose yesterday for the second straight day, by 0.69% and reached 99.65$/b; during May the WTI spot oil price fell by 12.1%.

Brent spot price also inclined by 0.97% and reached 113.80$/b.

As a result, the difference between Brent and WTI inclined to 14.15$/b.

Natural gas prices (Henry Hub spot) also inclined by 0.24% and reached 4.1$/mmbtu.

The Henry Hub future price increased by 1.43% to 4.25$/mmbtu – the highest price level this week; as a result the spread between future and spot price inclined to 0.15$/mmbtu, i.e. contango.

Precious Metals prices:

Gold price decreased yesterday and finished the week at 1,493$, a 0.88% decline.

Silver price bounced back and rose by 0.62% to end at 35.013$.

During May, gold prices decreased by 4% and silver price fell by 28.0%.

The EURO/ USD dropped again yesterday by 0.89%, as the USD appreciates against the EURO.

For a more detailed report on major currencies, check out Forex crunch.

A summary of yesterday’s Prices Changes:

The table below includes: closing prices, daily percent change, and change in US dollars (except for USD/CAD, in which the change is in Canadian dollars):

Crude spot oil price, Natural gas spot price, Current Gold price Silver prices 2011 May 13


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