Crude oil prices started off with declines – March 28

The week started off with natural gas prices rising, crude oil prices falling and precious metals moderately changing.

Let’s review the main price changes in major energy commodities and precious metals for March 28th:

Oil and Gas prices:

Crude oil price (WTI spot) declined yesterday, March 28th by 0.97% to 103.98$/b. The NYMEX Futures Prices (April delivery) also decreased by 1.35% to reach the same price as the spot oil.

Brent spot price also fell by 0.98% to reach 114.69$/b.

As a result, the difference between Brent and WTI moderately fell to 10.71$/b.

Natural gas spot price (Henry Hub) started off the week with a sharp rise of 5.08%, to reach 4.34$/mmbtu.

The Henry Hub future price on the other hand moderately declined by 0.45% to reach 4.38$/mmbtu, resulting in the spread between future and spot price to reach 0.04$/mmbtu, i.e. contango.

Precious Metals prices:

Silver price, after closing last week with a drop, starts off with a moderate rise of 0.11%; gold prices on the other hand continues to decline, yesterday by 0.44%. During March silver prices increased by 7.7%, and gold prices fell by 0.7%.

EURO/ USD didn’t change much and moderately decreased yesterday by 0.01%. 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 oil price, Natural gas spot price, Gold prices Silver prices March 28


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