The rises in major commodities continued yesterday as crude oil prices (WTI spot and Brent oil) moderately inclined; gold price passed the 1,500$ mark, while silver price passed the 46$ mark; and finally natural gas spot prices (Henry Hub) remained unchanged.
Here is a summary of the changes in commodities and precious metals for April 21st:
Oil and Gas prices:
Crude spot oil price (WTI) rose by 0.78% to reach 111.71$/b; during April, the WTI spot oil price rose by 3.9%.
Brent spot price also increased by 0.23% and settled at 124.21$/b.
As a result, the difference between Brent and WTI kept on falling and reaching 12.50$/b.
Natural gas spot price (Henry Hub) didn’t change yesterday and remained on 4.33$/mmbtu.
The Henry Hub future price inclined by 2.32% to reach 4.41$/mmbtu, resulting in the spread between future and spot price reaching +0.08$, i.e. contango.
Precious Metals prices:
Silver prices continued to rise and managed to pass the 46$ mark as it reached yesterday 46.08$, a 3.63% rise; gold prices also inclined moderately by 0.33% and reached 1,503.
During April, gold prices increased by 5.2%, and silver prices rose by 22.1%.
EURO/ USD finished the day with a 0.21% increase, as the USD continued to depreciate against the EURO.
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):
Monthly Analysis and Outlook:
- Natural gas prices outlook for April 2011
- Crude oil prices Monthly outlook –April 2011
- Gold prices outlook for April 2011 – what’s next for gold?