Oil Declined Again | Gold and Silver Rallied– Recap September 18th

Major energy commodities traded down again on Tuesday: WTI oil and Brent oil declined for the second consecutive day; gold and silver also edged up despite the fall of other commodities prices; natural gas Henry Hub future (October delivery) and spot price also plunged on Tuesday; the Euro declined again on Tuesday. Several other currency pairs including the Aussie dollar/USD also traded down.

Here is a summary of the daily changes in precious metals and energy commodities for September 18th, 2012:

Forex and Bullion Markets:

On Tuesday, gold edged up by 0.03% to $1,771.2; Silver also rose by 1.02% to reach $34.72. During the month, gold increased by 4.95%; silver, by 10.42%.

On Tuesday, the Euro/USD fell by 0.53% to 1.3048; further, the U.S Dollar also appreciated against several other currencies including Aussie dollar by 0.2%.

Energy Commodities:

WTI oil price decreased again yesterday by 1.38% to $95.29 per barrel;

Brent oil also decreased by 1.55% to $112.46 per barrel;

Following these shifts, the gap between Brent and WTI slipped to $17.17/bbl. During the month, WTI fell by 1.22%; Brent oil, by 2.6%.

Finally, the Henry Hub future (October delivery) plummeted again by 3.32% to $2.77/mmbtu; the Henry Hub spot also declined to $2.74/mmbtu; the gap between the spot reached $0.03, i.e. contango.

A Summary for September 18th:

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

Gold Silver Crude oil Natural gas 2012 September 18

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