Many energy commodities traded mostly down again on Thursday: the prices of Brent oil and WTI oil fell on Thursday; natural gas Henry Hub future (short term delivery) also decreased yesterday; the prices of silver and gold changed direction and inched up on Thursday; the Euro continue to depreciate against the USD on Thursday. Moreover, several other currencies such as the Aussie dollar also declined against the USD.
Here is a summary of the daily changes of precious metals and energy commodities for February 21st, 2013:
Forex and Bullion Markets:
On Thursday, gold inched up by 0.04% and reached $1,578.1; silver also increased by 0.27% to $28.7. During the month, gold fell by 4.97%; silver, by 8.41%.
On Thursday, the Euro/USD also decreased by 0.7% to 1.319; the U.S Dollar also appreciated against several currencies such as Australian dollar by 0.1%.
WTI oil price plunged again by 1.72% to $92.84 per barrel; Brent oil also declined by 1.79% to $113.53 per barrel;
Thus, the difference between Brent and WTI contracted to $20.69/bbl. During the month, WTI decreased by 4.77%; Brent oil, by 1.75%.
Finally, the Henry Hub future (short term delivery) also declined yesterday by 1.01% to $3.25/mmbtu.
A Summary for February 21st:
The table below includes: closing rates, daily percent shifts, and daily changes:
For further reading:
- Will The Gold Market Continue to Cool Down?
- Gold and Silver Outlook for February 18-22
- Gold and Silver Outlook for February
- Gold and Silver Yearly Outlook For 2013