Oil and Natural Gas Bounced Back on Monday –Recap June 4th

Following the sharp plunge in the stock markets and commodities markets during Friday after the disappointing U.S employment report came out, the market slightly bounced back on Monday as crude oil (both Brent and WTI) were traded down. Furthermore, the price of natural gas (spot and future) also rose. Gold and silver prices changed direction and slightly declined on Monday. The Euro rose again against the USD. Several other exchange rates such as the Aussie dollar also appreciated against the USD.

Here is a summary of the daily changes in precious metals and energy commodities for June 4th, 2012:

Forex and Bullion Markets:

Gold slipped by 0.51% to $1,613.9; Silver also traded down by 1.77% and reached $28.01. During the month, gold rose by 3.18% and silver by 0.9%.

The Euro/USD increased again by 0.52% to 1.25; furthermore, the U.S Dollar also depreciated against several currencies such as Aussie dollar by 0.8%.

Energy Commodities:

WTI oil price changed direction and increased yesterday by 0.9% to $83.98 per barrel;

Brent oil also trade up by 0.21% to $99.02 per barrel;

Following these shifts, the gap between Brent and WTI settled at $15.04/bbl. During the month, WTI declined by 2.95% and Brent oil by 3%.

Finally, the Henry Hub future (July delivery) also rallied by 3.43% to $2.41/mmbtu; the Henry Hub spot rose to $2.33/mmbtu; the difference between the spot and future edged down to $0.08/mmbtu, Contango.

A Summary for June 4th:

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

 Gold Silver Crude oil Natural gas 2012 June 4

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