Major commodities prices bounced back and closed yesterday with rises. Gold, silver and crude oil prices inclined while natural gas prices started to drop.
Here is a summary of the price movements of precious metals and energy commodities for June 14h:
Oil and Gas prices:
WTI Spot oil price inclined yesterday by 2.13% and reached $99.37 per barrel; during June the WTI spot oil price fell by 3.2%.
Brent spot price also inclined yesterday by 1.04% to $119.53 per barrel.
As a result, the difference between Brent and WTI moderately declined and reached $20.16.
Natural gas price (Henry Hub spot) decreased to $4.59 per mmbtu. The Henry Hub future price (July delivery) declined by 1.51% to $4.58 per mmbtu; as a result the gap between the spot and future price fell to -$0.01, i.e. backwardation. During June, natural gas spot price (Henry Hub) inclined by 0.9%.
Precious Metals prices:
Gold price continue to zigzag and after it fell on Monday, gold price bounced back and inclined by 0.58% to $1,524.4. Silver price also followed and rose by 1.94% and reached $34.74.
During June, gold prices decreased by 0.8% and silver price fell by 7.6%.
The EURO/ USD inclined yesterday by 0.19%, as the USD depreciated against the EURO. During June the EURO/USD gained 0.3% to its value.
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):
Monthly Analysis and Outlook:
- Natural gas prices outlook for June 2011
- Gold and silver prices outlook for June 2011
- Oil prices Monthly outlook –June 2011