Natural Gas and Oil Rallied on Tuesday– Recap October 9th

The major energy commodities prices bounced back and hiked on the second day of the week: WTI oil and Brent oil bounced back and rose yesterday; gold and silver, on the other hand, declined on Tuesday; natural gas Henry Hub future (November delivery) also traded up on Tuesday; the Euro depreciated again against the USD on Tuesday. Several other currency pairs including the Aussie dollar increased against the USD.

Here is a summary of the daily developments of precious metals and energy commodities for October 9th, 2012:

Forex and Bullion Markets:

On Tuesday, gold decreased by 0.6% to $1,765; Silver also decreased by 0.09% to reach $33.99. During the month, gold decreased by 0.5%; silver declined by 1.71%.

On Tuesday, the Euro/USD also decreased by 0.64% to 1.2885; on the other hand, the U.S Dollar depreciated against several other currencies including Aussie dollar by 0.16%.

Energy Commodities:

WTI oil price bounced back and hiked yesterday by 3.43% to $92.39 per barrel; perhaps the renewed speculations around the tensions in the Middle East contributed to the rally of oil prices.

Brent oil also rose by 0.4% to $114.04 per barrel;

Following these changes, the difference between Brent and WTI decreased to $21.65/bbl. During the month, WTI rose by 0.22%; Brent oil, by 0.7%.

Finally, the Henry Hub future (November delivery) increased by 1.47% to $3.46/mmbtu; the Henry Hub spot rose to $3.19/mmbtu; the gap between the spot reached to $0.27, i.e. contango.

A Summary for October 9th:

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

Gold Silver Crude oil Natural gas 2012 October 9

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