Crude oil price (WTI), as expected, increased yesterday by 1.39% for WTI and 2.06% for Brent spot price. Yesterday’s price increase breaks the decline crude oil price has experienced last week as WTI fell by 3.8% and Brent spot price decreased by 1.6%.
The Nymex Henry Hub Future Price (futures for February) continues TO decline; after falling last week by nearly 5%; yesterday its price fell by a moderate 0.45%. This decrease in price happens despite the cold weather and increase in consumption (as reported in the recent EIA report on natural gas consumption and storage).
For natural gas spot price, the Henry Hub price remained unchanged at 4.43 $/MMBTU, however, much like the Nymex Henry Hub Future Price it will probably continue to show a decline. For the month of January it fell by 2.4% as of yesterday.
On the other hand, NY city gate natural gas spot price keeps on rising, yesterday by over 18%. In total, this commodity price has risen by over 33% from the beginning of the month up to yesterday.
Gold and silver prices after falling last week by over 3.8% and 7.9%, respectively, registered a moderate rise yesterday of 0.38% and 0.66%, respectively.
EURO/ USD after devaluating most lf last week, bounces back with a moderate rise of 0.35%; the USD also has weaken against the YEN, as the USD/YEN fell by nearly 0.5%.
A summary of yesterday’s Prices Changes:
The following table presents the main descriptive data from last business day – January 10th, 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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