Oil and gold finished the week rising – Daily Recap May 20

The week has ended with major commodities rising and thus crude oil and gold finished a week long of rises and falls and no clear trend.

Here is a summary of the main price changes in energy commodities and precious metals for May 20th:

Oil and Gas prices:

Spot oil price (WTI) increased yesterday by 1.07% and reached 99.49$/b; during May the WTI spot oil price fell by 12.3%.

Brent spot price also inclined by 0.89% and reached 112.78$/b.

As a result, the difference between Brent and WTI declined to 13.29$/b.

Natural gas price (Henry Hub spot) on the other hand decreased by 0.98% and reached 4.05$/mmbtu.

The Henry Hub future price rose very sharply by 3.17% to 4.23$/mmbtu; as a result the spread between future and spot price inclined to 0.18$/mmbtu, i.e. contango.

Precious Metals prices:

Gold price also increased yesterday sharply by 1.11% and reached 1,508$.

Silver price finished at 35.09$ a drop of 0.44%.

During May, gold prices decreased by 3.1% and silver price fell by 27.8%.

The EURO/ USD changed direction and inclined sharply by 1.03%, as the USD appreciates against the EURO. During May the EURO/USD lost 4.4% 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 20


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