Energy Commodities Continued Their Rally –Daily Recap October 11

The financial market didn’t do much yesterday after it had recorded sharp gains on Monday: Major energy commodities increased yesterday, while precious metals’ prices recorded a mixed trend with gold price slightly slipping and silver price slightly rising. Here is a summary of the price movements of precious metals and energy commodities for October 11th:

Oil and Gas prices:

WTI oil price slightly increased yesterday by 0.47% to $85.81 per barrel; Brent oil price also increased by 0.66% to $109.35 per barrel;

Due these gains, the difference between Brent and WTI slightly rose to $23.54/bbl. During October, WTI oil price rose by 4.8%, and Brent oil price increased by 3.7%.

Natural gas Henry Hub future price (November delivery) sharply inclined again by 2.26% to $3.62/mmbtu. The Henry Hub spot price gained back 3.53% to its value and settled at $3.52/mmbtu; the gap between the spot and future price slipped to $0.10/mmbtu, i.e. contango.

Precious Metals prices:

Gold price slightly declined yesterday by 0.59% to $1,661; Silver price, on the other hand nearly didn’t change and added only 0.06% to its value to $32.00. During October, gold price inclined by 2.4% and silver price increased by 6.4%.  

The AUD to US Dollar exchange rate declined yesterday by 0.35% to 1.3640 – i.e. the USD appreciated against the AUD. The USD also appreciated yesterday against other currencies including the GBP and CAD.

A Summary of Yesterday’s Prices Changes:

The table below includes: closing prices, daily percent change, and change in prices and indexes in USD (except for USD/CAD, in which the change is in Canadian dollar):

Gold price and Silver prices Crude oil prices, Natural gas spot price 2011 October 11


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