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%.
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:
For further reading: