Oil prices started the week falling – April 18

The week started off with crude oil prices (WTI spot and Brent oil) falling, after they had finished the previous week with moderate rises; Gold and silver prices continue to increase; and natural gas spot prices (Henry Hub) moderately increased.

Here is a summary of the changes in commodities and precious metals for April 18th:

Oil and Gas prices:

Crude spot oil price (WTI) declined yesterday by 2.32% and reached 107.12$/b; up to date, the WTI spot oil price rose by 2.0% during April.

Brent spot price also decreased by 1.51% and started off the week at 122.19$/b.

As a result, the difference between Brent and WTI reached 15.07$/b.

Natural gas spot price (Henry Hub) inclined yesterday fro the second straight business day by 0.71% to reach 4.23$/mmbtu.

The Henry Hub future price on the other hand continued to decline by 1.43% to reach 4.14$/mmbtu, resulting in the spread between future and spot price reaching -0.09$, i.e. backwardation.

Precious Metals prices:

Gold prices continued to rise and finished yesterday with a moderate rise of 0.46% and reached 1,492$; silver prices also inclined by 0.90% and reached 42.956$, which is a new high for silver price.

During April, gold prices increased by 4.5%, and silver prices rose by 13.8%.

EURO/ USD started the week with a fall as the USD appreciated by 1.35%.

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):

Crude oil spot price, Natural gas spot price, Current Gold prices Silver prices April 18


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