The week ended with crude oil prices (WTI spot and Brent oil) increased; Gold and silver prices also increased; and natural gas spot prices (Henry Hub) moderately increased.
Here is a summary of the changes in commodities and precious metals for April 15th:
Oil and Gas prices:
Crude spot oil price (WTI) increased yesterday for the third straight day by 1.43% and reached 109.66$/b; up to date, the WTI spot oil price rose by 2.0% during April.
Brent spot price also increased by 0.08 1.13% and finished the week at 124.06$/b.
As a result, the difference between Brent and WTI declined to 14.40$/b.
Natural gas spot price (Henry Hub) inclined yesterday by 1.94% to reach 4.20$/mmbtu.
The Henry Hub future price on the other hand moderately decreased by 0.24% to reach 4.20$/mmbtu, resulting in closing the spread between future and spot price.
Precious Metals prices:
Gold prices continued to rise and closed the week with a moderate rise of 0.92% and reached 1,486$; silver prices also inclined by 2.18% and reached 42.57$, which is a new high for silver price.
During April, gold prices increased by 4.0%, and silver prices rose by 12.8%.
EURO/ USD continue to zigzag and it moderately changed yesterday as the USD appreciated by 0.39%.
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?