Oil Tumbled Again | Gold Nearly Unchanged– Recap September 19th

Major energy commodities tumbled down again on Wednesday: WTI oil and Brent oil fell for the third consecutive day; gold and silver remained nearly unchanged despite the decline of other commodities prices; natural gas Henry Hub future (October delivery) slipped while spot price remained flat on Wednesday; the Euro also remained flat on Wednesday. Several other currency pairs including the Aussie dollar/USD traded up.

Here is a summary of the daily changes in precious metals and energy commodities for September 19th, 2012:

Forex and Bullion Markets:

On Wednesday, gold edged up again by 0.03% to $1,771.7; Silver declined by 0.37% to reach $34.59. During the month, gold increased by 4.98%; silver, by 10.01%.

On Wednesday, the Euro/USD remained at 1.3048; alternatively, the U.S Dollar depreciated against several other currencies including Aussie dollar by 0.23%.

Energy Commodities:

WTI oil price plunged again yesterday by 3.47% to $91.98 per barrel;

Brent oil also decreased by 3.13% to $108.94 per barrel;

Following these changes, the gap between Brent and WTI slipped to $16.96/bbl. During the month, WTI fell by 4.65%; Brent oil, by 5.6%.

Finally, the Henry Hub future (October delivery) declined again by 0.36% to $2.76/mmbtu; the Henry Hub spot remained at $2.74/mmbtu; the gap between the spot reached $0.02, i.e. contango.

A Summary for September 19th:

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

Gold Silver Crude oil Natural gas 2012 September 19

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