Oil and gas prices finished with moderate changes – April 26

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 26^th:

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 12^th 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.

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):

[ratings]

For further reading (in this site):

Monthly Analysis and Outlook:

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