Oil prices drop for the second straight day – April 12

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%.

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):

Current Crude oil price, Natural gas spot price, Gold prices Silver prices April 12


For further reading (in this site):

Monthly Analysis and Outlook: