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):
For further reading:
Monthly Analysis and Outlook:
- Natural gas prices outlook for June 2011
- Gold and silver prices outlook for June 2011
- Oil prices Monthly outlook –June 2011