Yesterday, March 30th crude oil prices (WTI and Brent) continue to zigzag with no clear trend; natural gas spot price (Henry Hub) also fell, while precious metals’ prices including gold and silver prices bounced back with moderate rises.
Here is a short summary of the price changes in major energy commodities and precious metals for March 30th:
Oil and Gas prices:
Crude oil price (WTI spot) declined yesterday, March 30th by 0.5% to 104.27$/b.
Brent spot price also decreased by 0.27% to reach 115.17$/b.
As a result, the difference between Brent and WTI moderately rose to 10.9$/b.
Natural gas spot price (Henry Hub) continue to decline, yesterday by 0.7% to reach 4.25$/mmbtu.
The Henry Hub future price on the other hand, inclined by 2.11% to reach 4.35$/mmbtu, resulting in the spread between future and spot price to reach 0.1$/mmbtu, i.e. contango.
Precious Metals prices:
Silver price, inclined yesterday by 1.42% and reached 37.511$; gold prices also inclined by 0.52% and reached 1,424$. During March silver prices increased by 9.0%, and gold prices fell by 0.4%.
EURO/ USD didn’t change much and moderately increased yesterday by 0.09%. 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):
- Gold & Silver Prices Outlook – 30 March
- Crude oil 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