Natural Gas Hiked While Oil Declined on Wednesday– Recap September 26th

Major commodities trade in a mixed trend on Wednesday: WTI oil decline again and thus completed a three consecutive days of falls, while Brent oil rose again; gold and silver also declined; silver fell for the fourth straight day; natural gas Henry Hub future (October delivery) and spot price hiked on Wednesday; the Euro depreciated again against the USD on Wednesday. Many other currency pairs including the Aussie dollar/USD also fell.

Here is a summary of the daily developments of precious metals and energy commodities for September 26th, 2012:

Forex and Bullion Markets:

On Wednesday, gold declined by 0.72% to $1,753.6; Silver also fell again by 0.02% to reach $33.94. During the month, gold increased by 3.91%; silver, by 7.94%.

On Wednesday, the Euro/USD also decreased by 0.2% to 1.2873; further, the U.S Dollar also appreciated against several other currencies including Aussie dollar by 0.18%.

Energy Commodities:

WTI oil price decreased again yesterday by 1.11 % to $89.98 per barrel;

Brent oil on the other hand rose by 0.18% to $110.87 per barrel;

Following these shifts, the difference between Brent and WTI rose to $20.89/bbl. During the month, WTI fell by 6.73%; Brent oil, by 4%.

Finally, the Henry Hub future (October delivery) hiked again by 9.93% to $3.21/mmbtu; the Henry Hub spot also rose to $2.92/mmbtu; the gap between the spot expanded to $0.29, i.e. contango.

A Summary for September 26th:

The table below includes: closing prices, daily percent changes, and daily changes:

Gold Silver Crude oil Natural gas 2012 September 26

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