Following the two days when oil prices (WTI spot oil) declined, yesterday they have bounced back with moderate rises; precious metals prices also inclined; and natural gas spot prices (Henry Hub) moderately increased for the second straight day.
Here is a short summary of the price changes in major energy commodities and precious metals for April 13th:
Oil and Gas prices:
Crude oil price (WTI spot) increased yesterday by 1.29% and reached 107.11$/b, and up to date, the oil prices fell by 0.4% during April.
Brent spot price also rose by 1.19% to reach 122.77$/b.
As a result, the difference between Brent and WTI inclined to 15.66$/b.
Natural gas spot price (Henry Hub) moderately inclined yesterday for the second straight day by a 1.22% to reach 4.14$/mmbtu.
The Henry Hub future price also increased by 0.98% to reach 4.14$/mmbtu, resulting in the spread between future and spot price reaching to 0 $/mmbtu.
Precious Metals prices:
Gold prices moderately inclined by 0.14% and reached 1,455$; silver prices also inclined by 0.43% and reached 40.237$. During April, gold prices increased by 1.9%, and silver prices by 6.6%.
EURO/ USD continue to zigzag and it moderately changed yesterday as the USD appreciated by 0.24%.
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 April 2011
- Crude oil prices Monthly outlook –April 2011
- Gold prices outlook for April 2011 – what’s next for gold?