Natural Gas and Oil Tumbled Down on Wednesday– Recap October 3rd

The major energy commodities prices tumbled down on the third day of the week: WTI oil and Brent oil tumbled down yesterday; gold and silver changed direction and edged up on Wednesday; natural gas Henry Hub future (November delivery) also changed direction and fell while remained unchanged on Wednesday; the Euro depreciated again against the USD on Wednesday. Several other currency pairs including the Aussie dollar also fell again the USD.

Here is a summary of the daily developments of precious metals and energy commodities for October 3rd, 2012:

Forex and Bullion Markets:

On Wednesday, gold increased by 0.24% to $1,779.8; Silver also rose by 0.06% to reach $34.69. During the month, gold increased by 0.33%; silver, by 0.33%.

On Wednesday, the Euro/USD also decreased by 0.12% to 1.2905; further, the U.S Dollar appreciated against several other currencies including Aussie dollar by 0.5%.

Energy Commodities:

WTI oil price tumbled down yesterday by 4.08 % to $88.14 per barrel;

Brent oil also decreased by 3.03% to $108.02 per barrel;

Following these shifts, the difference between Brent and WTI rose to $19.88/bbl. During the month, WTI declined by 4.39%; Brent oil, by 4.6%.

Finally, the Henry Hub future (November delivery) declined by 3.68% to $3.4/mmbtu; the Henry Hub spot remained at $3.2/mmbtu; the gap between the spot reached to $0.2, i.e. contango.

A Summary for October 3rd:

The table below includes: closing prices, daily percent changes, and daily changes:

Gold Silver Crude oil Natural gas 2012 October 3

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