Oil Euro and Silver Rose on Wednesday –Recap August 22nd

Following the recent publication of the minutes of the FOMC meeting there are renewed expectations of another stimulus plan. In the meantime, many commodities traded in a mixed trend on Wednesday: crude oil price (WTI) increased again while Brent oil edged down; gold also slipped while silver prices rose on Wednesday – this was the third consecutive day in which silver rose; natural gas Henry Hub future (September delivery) increased while spot prices remained unchanged on Wednesday; The Euro increased again on Wednesday. Several exchange rates including the Aussie dollar also appreciated against USD.

Here is a summary of the daily changes in precious metals and energy commodities for August 22nd, 2012:

Forex and Bullion Markets:

Gold edged down by 0.15% to $1,640.5; Silver rose by 0.43% to reach $29.64. During the month, gold increased by 1.6%; silver, by 6.19%.

The Euro/USD also rose by 0.45% to 1.2529; further, the U.S Dollar also depreciated against several other currencies including Aussie dollar by 0.17%.

Energy Commodities:

WTI oil price rose again yesterday by 0.6% to $96.98 per barrel;

Brent oil slipped by 0.3% to $115.97 per barrel;

Following these changes, the difference between Brent and WTI declined to $18.99/bbl. During the month, WTI increased by 10.13% and Brent oil by 9.5%.

Finally, the Henry Hub future (September delivery) rose by 1.8% to $2.83/mmbtu; the Henry Hub spot remained unchanged at $2.8/mmbtu; the difference between the spot reached $0.03, Contango.


A Summary for August 22nd:

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

Gold Silver Crude oil Natural gas 2012 August 22

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