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%.
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):
- Gold & Silver Prices Outlook – 18 April
- Rebels ward off Qaddafi’s forces from Ajdabiya | oil outlook 18 April
- Weekly outlook for April 18-22
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?