Oil prices bounced back and moderately inclined yesterday; gold prices fell and silver prices declined to the 45$ mark; and finally natural gas spot prices (Henry Hub) declined.
Here is a summary of the changes in commodities and precious metals for April 26th:
Oil and Gas prices:
Crude spot oil price (WTI) inclined by 0.29% to reach 112.21$/b; during April, the WTI spot oil price rose by 4.3%.
Brent spot price also increased by 0.20% and settled at 123.92$/b.
As a result, the difference between Brent and WTI kept on falling and reaching 11.71$/b.
Natural gas spot price (Henry Hub) declined yesterday by 0.92% and reached 4.32$/mmbtu.
The Henry Hub future price moderately declined by 0.23% to 4.38$/mmbtu, as a result the spread between future and spot price reached +0.06$, i.e. contango.
Precious Metals prices:
Silver prices fell for the first time since April 12th and declined by 4.44% to 45.079$; gold prices moderately declined by 0.37% and reached 1,503.
During April, gold prices increased by 5.2%, and silver prices rose by 19.5%.
EURO/ USD continue to increase as it finished the day with a 0.44% 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):
- The rising Instability in the Middle East and oil prices outlook 26 April
- Weekly outlook for April 25-29
- Gold & Silver Prices Outlook – 26 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?