Yesterday, gold and silver prices continue their rally; crude oil prices (WTI) moderately declined, while Brent moderately inclined; natural gas spot price (Henry Hub) bounced back from yesterday’s fall.
Here is a short summary of the price changes in major energy commodities and precious metals for April 5th:
Precious Metals prices:
Gold prices inclined by 1.36% and reached 1,452$; silver prices also inclined by 1.79% and reached 39.183$. During April silver prices increased by 3.8%, and gold prices by 1.7%.
Oil and Gas prices:
Crude oil price (WTI spot) moderately declined yesterday by 0.12% and reached 108.34$/b.
Brent spot price on the other hand rose by 0.57% to reach 121.36$/b.
As a result, the difference between Brent and WTI rose and reached at 13.02$/b.
Natural gas spot price (Henry Hub) bounced back to incline yesterday by a 0.24% to reach 4.22$/mmbtu.
The Henry Hub future price, continue to decline by 1.41% to reach 4.23$/mmbtu, resulting in the spread between future and spot price declining to 0.01$/mmbtu, i.e. contango.
EURO/ USD moderately increased as the USD depreciated yesterday by 0.02%. 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:
- 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?