Yesterday, crude oil prices (WTI and Brent oil) moderately inclined; gold and silver prices continue their rally; natural gas spot price (Henry Hub) continues to zigzag as it declined yesterday.
Here is a short summary of the price changes in major energy commodities and precious metals for April 6th:
Oil and Gas prices:
Crude oil price (WTI spot) moderately inclined yesterday by 0.45% and reached 108.83$/b.
Brent spot price also rose by 0.47% to reach 121.93$/b.
As a result, the difference between Brent and WTI rose and reached at 13.10$/b.
Natural gas spot price (Henry Hub) continues to zigzag and declined yesterday by a 0.95% to reach 4.18$/mmbtu.
The Henry Hub future price, continue to decline by 1.89% to reach 4.15$/mmbtu, resulting in the spread between future and spot price reaching to -0.03$/mmbtu, i.e. backwardation.
Precious Metals prices:
Gold prices inclined by 0.41% and reached 1,458$; silver prices also inclined by 0.52% and reached 39.39$. During April, gold prices increased by 2.1%, and silver prices by 4.4%.
EURO/ USD moderately increased as the USD depreciated yesterday by 0.7%. 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):
For further reading (in this site):
Monthly Analysis and Outlook: