Yesterday the last business day of the week showed crude oil price (WTI) continues its descent, the same goes for gold prices and silver prices, while natural gas spot price and future price continue to sharply incline.
Here is a daily recap for January 21st of the main price changes in major energy commodities and precious metals:
Oil and Gas prices:
Natural gas spot price (Henry Hub) continues to rise for the second straight day as it sharply inclined yesterday by 3.5% and settled on 4.73 USD/MMBTU.
The Nymex Henry Hub Future Price (futures for February) also continues to rise, after it sharply inclined by nearly 2.85% on Thursday, yesterday it rose by a moderate 1.07% and settled on 4.74 USD/MMBTU. As the maturity on the February future is nearing, the gap between the spot and future price for the Henry Hub is closing as it’s currently at 1 cent/ mmbtu.
These rises are probably related to the cold weather in the Northeast of the US. Consider that the NY city gate natural gas spot price rose yesterday by 33.8%.
Crude oil price (WTI spot) fell for the fourth day, yesterday it fell sharply by 1% as it settled on 87.96 $/b; Brent oil price, on the other hand, rose by 1.18% and reached 96.95$/b.
Currently, the gap between the Brent oil and WTI is nearly 9$/b.
Precious Metals prices:
Gold prices moderately declined yesterday by 0.41% and reached 1,341 $/t oz.
Silver prices, much like gold prices, fell yesterday by 0.17% and reached 27.42$/t oz.
EURO/ USD sharply rose yesterday by 1.1%, while the USD strengthened against the AUD, as the AUD /USD declined by 0.28%. For a more detailed report on the EURO/USD check out Forex crunch.
A summary of yesterday’s Prices Changes:
The following table presents the main descriptive data from last business day – January 21st, for precious metals, energy commodities and exchange rates. The table includes: settled prices, daily percent change, and quantitative change in US dollars (except for USD/CAD, in which the change is in Canadian dollars):
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