Oil and gas prices bounced back with moderate rises – April 27

Crude oil prices along with natural gas prices finished the day with moderate rises. Gold and silver prices bounced back with increases after the previous day’s falls.

Here is a summary of the changes in commodities and precious metals for April 27^th:

Oil and Gas prices:

Crude spot oil price (WTI) inclined by 0.93% to reach 112.76$/b; during April the WTI spot oil price rose by 4.8%.

Brent spot price also increased by 0.90% and reached 125.67$/b – the highest price level since April 11.

As a result, the difference between Brent and WTI moderately inclined to 12.91$/b.

Natural gas spot price (Henry Hub) also inclined yesterday by 0.69% and reached 4.35$/mmbtu.

The Henry Hub future price increased by 0.68% to 4.41$/mmbtu, as a result the spread between future and spot price remained at +0.06$, i.e. contango.

Precious Metals prices:

Silver prices bounced back after the previous day’s fall and inclined by 2.01% to 45.987$; gold prices moderately inclined by 0.90% and reached 1,517 – its highest price level in April.

During April, gold prices increased by 6.2%, and silver prices rose by 21.9%.

EURO/ USD continue to increase as it finished the day with a 0.97% rise, as the USD continued to depreciate against the EURO.

For a more detailed report on major currencies, check out Forex crunch.

A summary of yesterday’s Prices Changes:

The table below includes: closing prices, daily percent change, and change in US dollars (except for USD/CAD, in which the change is in Canadian dollars):

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For further reading (in this site):

Monthly Analysis and Outlook:

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