Yesterday, many commodities closed March with rises: crude oil prices (WTI and Brent) inclined to their weekly high; natural gas spot and future prices (Henry Hub) also increased; and the same goes for precious metals’ prices including gold and silver prices.
Here is a short summary of the price changes in major energy commodities and precious metals for March 31st:
Oil and Gas prices:
Crude oil price (WTI spot) inclined yesterday, March 31st by 2.35% to 106.72$/b.
Brent spot price also increased by 1.81% to reach 117.25$/b.
As a result, the difference between Brent and WTI closed March at 10.53$/b.
Natural gas spot price (Henry Hub) continue to incline, yesterday by 1.41% to reach 4.31$/mmbtu.
The Henry Hub future price also inclined by 0.83% to reach 4.386$/mmbtu, resulting in the spread between future and spot price to reach 0.08$/mmbtu, i.e. contango.
Precious Metals prices:
Silver price, inclined yesterday by 1.05% and reached 37.888$; gold prices also inclined by 1.05% and reached 1,439$. During March silver prices increased by 10.1%, and gold prices by 0.6%.
EURO/ USD continue to moderately rise as the USD depreciated yesterday by 0.21%. 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):
For further reading (in this site):
- Crude oil prices outlook – 31 March
- Gold & Silver Prices Outlook – 30 March
- 4 reasons silver outperformed gold in 2011 – 29 March
Yearly Analysis and Outlook:
- Crude oil price in 2010 and outlook for 2011
- Natural gas spot price in 2010 and projection to 2011
- Gold Prices Outlook for 2011 and Analysis of 2010