Here is a daily recap for January 19th of the main price changes in major energy commodities and precious metals:
Crude oil price (WTI spot) fell for the second straight day, yesterday, by 0.57% fell and settled at 90.86 $/b; Brent oil price rose by 0.25% and reached 97.24$/b.
Currently, the gap between the Brent oil and WTI is at 6.41$/b.
Natural gas spot price (Henry Hub) continues to zigzag, and after it inclined on Tuesday by 1.8%, yesterday it declined by 0.9%, and settled on 4.47 USD/MMBTU.
On the other hand, the Nymex Henry Hub Future Price (futures for February), after it fell on Tuesday by 1.1%, yesterday it sharply inclined by nearly 3%. As a result, the Henry Hub future price settled on 4.56 USD/MMBTU.
The natural gas market heats up…the snowy weather in the Northeast, especially in New York, caused the price hike in the NY city gate natural gas spot price last week. Yesterday, as temperatures went down in New York, the NY gas prices went up – this commodity price rose yesterday by 56%. Since there is a good chance for snow in New York and major cities along the Northeast during the weekend, it will probably affect natural gas prices as they will continue to rise.
Precious Metals prices:
Gold prices continue to rise, yesterday it increased by 0.15% and reached 1,367 $/t oz.
Silver prices, unlike gold prices, fell yesterday by 0.38% and reached 28.67$/t oz.
EURO/ USD rose yesterday moderately by 0.64%, the USD also weaken against the YEN, as the YEN /USD declined by 0.29%. 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 19th, 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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