Natural gas, Crude oil & Gold prices – daily recap January 12

Natural gas spot price (Henry Hub) after showing weakness all week, yesterday it bounced back with a sharp rise of 2.94%, settling on 4.55 USD/MMBTU. As a result, the Henry Hub spot price returned to its level back at the beginning of the month, i.e. erasing the entire price decrease of the month.

Nymex Henry Hub Future Price (futures for February) rose on Tuesday by 1.8%, and yesterday increased by 1.12% and reached 4.53 $/MMBTU. Nevertheless, the Henry Hub future price still has decreased by 2.6% during January.

The snowy weather in the Northeast, especially in New York, caused the price hike in the NY city gate natural gas spot price. After rising on Tuesday by over 8%, the NY city gate increased yesterday by nearly 40% – reached 11.23 USD/MMBTU. In total, this commodity price has doubled from the beginning of the month up to yesterday.

Today, the EIA (Energy Information Administration) will issue its weekly report on U.S. Natural gas storage and consumption of the passing week.

Last week’s EIA report for the week of 30th of December showed a decline of 4.2% in natural gas underground storage (Billion Cubic Feet) which is a decline of over 135 Billion cubic feet (see here my previous review on natural gas storage).

Crude oil price, as expected, increased yesterday for the third straight day, this time by 0.82% for WTI and 0.55% for Brent.

In regards to current gold prices and silver prices, yesterday, they increased moderately by 0.11% and 0.16%, respectively.

EURO/ USD continues to rise for the third straight day, yesterday it rose by 1.22%; the USD, has also weaken against the YEN, as the USD/YEN declined by nearly 0.3%.

A summary of yesterday’s Prices Changes:

The following table presents the main descriptive data from last business day – January 12th, 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):

Natural gas spot price, Crude oil price, current Gold prices Silver prices January 12

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