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 27th:
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.
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):
For further reading (in this site):
- OPEC recent report shows a moderate rise in oil demand for 2011
- Weekly outlook for April 25-29
- Gold & Silver Prices Outlook – 27 April
Monthly Analysis and Outlook:
- Natural gas prices outlook for April 2011
- Crude oil prices Monthly outlook –April 2011
- Gold prices outlook for April 2011 – what’s next for gold?