The month of April started off with rises for crude oil prices (WTI and Brent); natural gas spot price (Henry Hub) also increased; however precious metals’ prices including gold and silver prices decreased.
Here is a short summary of the price changes in major energy commodities and precious metals for April 1st:
Oil and Gas prices:
Crude oil price (WTI spot) inclined yesterday, April 1st by 1.14% to 107.94$/b.
Brent spot price also rose by 1.22% to reach 118.68$/b.
As a result, the difference between Brent and WTI started off April at 10.74$/b.
Natural gas spot price (Henry Hub) continue to incline, yesterday by a moderate rate of 0.23% to reach 4.32$/mmbtu.
The Henry Hub future price, on the other hand, moderately declined by 0.59% to reach 4.36$/mmbtu, resulting in the spread between future and spot price reaching 0.04$/mmbtu, i.e. contango.
Precious Metals prices:
Silver price, declined yesterday by 0.41% and reached 37.732$; gold prices also inclined by 0.76% and reached 1,428$. During March silver prices increased by 10.1%, and gold prices by 0.6%.
EURO/ USD continue to icnrease as the USD depreciated yesterday by 0.57%. 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):
[ratings]
For further reading (in this site):
- Crude oil prices outlook – 1 April 2011
- Natural gas market rallied last week – EIA report April 1
- 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