Oil gold and silver prices bounced back–June 14

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):

Crude spot oil prices, Natural gas spot price, Current Gold and Silver prices 2011 June 14

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For further reading (in this site):

Monthly Analysis and Outlook:

 

1 comment for “Oil gold and silver prices bounced back–June 14

  1. Pat
    June 20, 2011 at 9:42 pm

    The People’s Bank of China (PBOC), the central bank, announced today that it will issue more gold and silver commemorative coins featuring the giant pandas to meet soaring demands for precious metals!

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