Gold silver and oil bounced back yesterday – Daily Recap May 18

Major commodities bounced back yesterday after they had fallen during most of the week.

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

Oil and Gas prices:

Spot oil price (WTI) bounced back yesterday by 3.84% and reached 100.12$/b; during May the WTI spot oil price fell by 11.7%.

Brent spot price also inclined by 2.86% and reached 112.52$/b.

As a result, the difference between Brent and WTI declined to 12.42$/b.

Natural gas price (Henry Hub spot) on the other hand decreased by 2.35% and reached 4.15$/mmbtu.

The Henry Hub future price increased by 0.48% to 4.20$/mmbtu; as a result the spread between future and spot price declined to 0.05$/mmbtu, i.e. contango.

Precious Metals prices:

Gold price also bounced back and increased yesterday by 1.07% and reached 1,495$.

Silver price also rose by 4.8% to end at 35.10$.

During May, gold prices decreased by 3.9% and silver price fell by 27.8%.

The EURO/ USD kept on rising yesterday by 0.08%, as the USD depreciates against the EURO. During May the EURO/USD lost 3.8% of its value.

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 spot oil price, Natural gas spot price, Current Gold price Silver prices 2011 May 18


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