Crude oil prices roaring towards the 90 USD/b mark – Daily recap December 1st

Here is the daily recap of price changes:

Yesterday, Europe Brent Spot Price has passed the 88 USD/b mark, and the ongoing rise in major energy commodities continues. This is despite the flip flop of crude oil prices‘ one day rising, and the other day falling;

Natural gas prices, much like crude oil prices, continue rising as the winter progresses and Natural gas’s consumption increases.

Precious metals continue their rising, pretty much, no matter what the rest of the market is doing,  this time gold prices and silver prices rose very moderately by 0.16% and 0.71%, respectively;

And finally, EURO/ US dollar stopped its week long fall, as the Euro compare to the USD increased by 1.2%.


In the following table are the main descriptive data from last business day – December 1st including: settled prices, the daily percent change compare to previous business day, and the quantitative change in US dollars of each of these prices and exchange rates (except for USD/CAD, in which the change is in Canadian dollars):

Daily Recap of commodity daily prices and Currencies December 1st

2 comments for “Crude oil prices roaring towards the 90 USD/b mark – Daily recap December 1st

  1. iyer
    December 2, 2010 at 7:59 am

    it might go to 90 for one day… but u can soon see 75 to 80 range in december itself

    • admin
      December 2, 2010 at 12:51 pm

      You may be right, and I agree that oil reaching the 90 usd/b mark is high, but for now it seems that the market is pricing oil at these levels… perhaps after the upcoming OPEC meeting, oil prices will settle down.

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