Major commodities closed the day with moderate changes–June 30

Crude oil prices didn’t changes much yesterday as they closed with  WTI spot oil moderately inclining and Brent spot oil  moderately falling; Gold and silver prices also finished the day with light changes; natural gas future price on the other hand declined sharply again.

Here is a summary of the price movements of precious metals and energy commodities for June 30th:

Oil and Gas prices:

WTI Spot oil price inclined by 0.69% to $95.42 per barrel; during June the WTI spot oil price fell by 7.1%.

Brent spot price on the other hand fell by 0.65% to $111.67 per barrel.

Due to these changes the difference between Brent and WTI declined to $16.25/bbl.

Natural gas Henry Hub future price (July delivery) inclined by 1.62% to $4.38/mmbtu. The Henry Hub spot price on the other hand decreased by 2.51% to $4.28/mmbtu; the gap between the spot and future price rose to $0.10, i.e. contango. During June, natural gas spot price (Henry Hub) declined by 7.6%.

Precious Metals prices:

Gold price declined by 0.90% to $1,496. Silver price on the other hand rose by 0.18% to $34.83.

During June, gold prices decreased by 2.6% and silver price fell by 9.1%.

The EURO/ USD also inclined yesterday by 0.46%, as the USD depreciated against the EURO. During June the EURO/USD rose by 0.9% compared with the rate at the beginning of the month.

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 prices, Natural gas spot price, Current Gold and Silver prices 2011 June 30


For further reading:

Monthly Analysis and Outlook: