Gold Silver and Oil Rose on Wednesday –Recap August 15th

Many energy commodities rose again on Wednesday: crude oil prices (WTI and Brent) increased yesterday for the second consecutive day; natural gas Henry Hub (September delivery) declined while the spot prices rose on Wednesday; gold and silver changed direction and to traded up. The Euro declined again on Wednesday. Several exchange rates including the Aussie dollar traded up against USD.

Here is a summary of the daily changes in precious metals and energy commodities for August 15th, 2012:

Forex and Bullion Markets:

Gold rose by 0.28% to $1,606.6; Silver also increased by 0.18% to reach $27.9. During the month, gold slipped by 0.5%; silver, by 0.06%.

The Euro/USD fell again by 0.26% to 1.229; on the other hand, the U.S Dollar depreciated against several other currencies such as Aussie dollar by 0.15%.

Energy Commodities:

WTI oil price rose again yesterday by 0.96% to $94.33 per barrel;

Brent oil also increased by 1.96% to $116.43 per barrel;

Following these changes, the difference between Brent and WTI rose to $22.1/bbl. During the month, WTI increased by 7.2% and Brent oil by 9.9%.

Finally, the Henry Hub future (September delivery) declined by 2.83% to $2.75/mmbtu; the Henry Hub spot rose to $2.82/mmbtu; the difference between the spot and fell to -$0.07, Backwardation.

A Summary for August 15th:

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

Gold Silver Crude oil Natural gas 2012 August 15

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