Yesterday there were moderate changes across the board with crude oil prices increased, natural gas prices fell and precious metals’ prices including gold and silver prices declined as well.
Let’s review the main price changes in major energy commodities and precious metals for March 29th:
Precious Metals prices:
Silver price, declined yesterday by 0.27% and reached 36.99$; this decline is after it moderately rose in the previous day; gold prices also declined yesterday by 0.27% and reached 1,417$. During March silver prices increased by 7.4%, and gold prices fell by 1%.
Oil and Gas prices:
Crude oil price (WTI spot) inclined yesterday, March 29th by 0.78% to 104.79$/b.
Brent spot price also rose by 0.69% to reach 115.48$/b.
As a result, the difference between Brent and WTI moderately fell to 10.69$/b.
Natural gas spot price (Henry Hub) after rising by 5.08%, on Monday, it fell yesterday by 1.38%, to reach 4.28$/mmbtu.
The Henry Hub future price also declined by 2.74% to reach 4.26$/mmbtu, resulting in the spread between future and spot price to reach -0.02$/mmbtu, i.e. backwardation.
EURO/ USD didn’t change much and moderately increased yesterday by 0.11%. 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):
For further reading (in this site):
- Natural gas prices outlook – 29 March
- Crude oil prices outlook – 29 March
- Gold & Silver Prices Outlook –29 March
Yearly Analysis and Outlook: