Oil prices rising so do gold and silver–February 9

Let’s quickly review the changes in major energy commodities market and precious metals for February 9th:

Oil and Gas prices:

Crude oil price (WTI spot) after falling all week, yesterday it bounced back by 1% as it settled on 86.71 $/b.

Brent spot price, also inclined to reach 101.73$/b, an increase of 2.5%.

During the month of February, WTI spot prices declined by 3.2%, while Brent spot increased by 1.3%.

As a result, the spread between the WTI and Brent spot prices has further widen and it’s currently 15.02$/b – the widest spread ever recorded!!! (For more about figuring out the spread between WTI and Brent oil see here).

Natural gas prices continue to fall as the winter season subsides; the NY city gate price declined yesterday by over 3.48%.

Natural gas spot price (Henry Hub) declined for fourth straight business day, yesterday by 0.24%, as it reached 4.23$/mmbtu – the lowest level since December 2010.

Precious Metals prices:

The precious metals market is making a small comeback:

Gold price inclined yesterday by 0.1%, as it reached 1,365 $/t oz.

Silver prices also increased very moderately yesterday by 0.02% and reached 30.27$/t oz.

EURO/ USD inclined yesterday by 0.79%, the USD also depreciated against the CAD, as the USD/CAD declined by 0.14%. For a more detailed report on major currencies, check out Forex crunch.

A summary of yesterday’s Prices Changes:

The following table presents the main descriptive data from last business day – February 9th, 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 February 9

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