The falls of major oil prices continue for the second straight day; precious metals prices also declined; and natural gas spot prices (Henry Hub) moderately inclined.
Here is a short summary of the price changes in major energy commodities and precious metals for April 12th:
Oil and Gas prices:
Crude oil price (WTI spot) declined yesterday for the second straight business day by 3.34% and reached 106.25$/b, and up to date, the oil prices fell by 1.2% during April.
Brent spot price also fell by 1.62% to reach 121.04$/b.
As a result, the difference between Brent and WTI inclined to 14.79$/b.
Natural gas spot price (Henry Hub) halted its fall and moderately inclined yesterday by a 1.74% to reach 4.09$/mmbtu.
The Henry Hub future price on the other hand moderately declined by -0.24% to reach 4.10$/mmbtu, resulting in the spread between future and spot price reaching to 0.01$/mmbtu, i.e. contango.
Precious Metals prices:
Gold prices declined for the second straight day by 0.99% and reached 1,453$; silver prices also declined by 1.34% and reached 40.066$. During April, gold prices increased by 1.7%, and silver prices by 6.2%.
EURO/ USD moderately changed and increased as the USD depreciated yesterday by 0.29%.
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?