A big day was yesterday for major commodities as oil and gas prices rose along with precious metals prices; Crude oil prices (WTI spot and Brent oil) inclined; and natural gas spot prices (Henry Hub) bounced back yesterday with a rise.
Here is a summary of the changes in commodities and precious metals for April 20th:
Oil and Gas prices:
Crude spot oil price (WTI) rose by 3.42% to reach 110.85$/b; up to date, the WTI spot oil price rose by 3.1% during April.
Brent spot price also increased by 2.13% and settled at 123.93$/b.
As a result, the difference between Brent and WTI reached 13.08$/b.
Natural gas spot price (Henry Hub) inclined yesterday by 2.85% to reach 4.33$/mmbtu.
The Henry Hub future price also inclined by 1.17% to reach 4.31$/mmbtu, resulting in the spread between future and spot price reaching -0.02$, i.e. backwardation.
Precious Metals prices:
Silver prices continued to rise and reached yesterday 44.46$, a 1.25% rise; gold prices also inclined moderately by 0.25% and reached 1,498.
During April, gold prices increased by 4.9%, and silver prices rose by 17.8%.
EURO/ USD finished the day with a 1.3% increase, as the USD depreciated 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):
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?