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%.
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:
For further reading: