Crude oil WTI price increased again for the third consecutive day; gold price and silver remained nearly unchanged as gold and silver moderately decreased on Friday. Natural gas prices sharply increased for the second consecutive day. The Euro also slightly appreciated against the US Dollar while other major currencies (Canadian dollar) slightly depreciated against the U.S dollar. Here is a summary of the developments of precious metals and energy commodities for February 17th, 2012:
Precious Metals:
Gold price moderately decreased on Friday by 0.14% to $1,725.9; Silver price slightly decreased as well by 0.26% and reached $33.28. During February, gold declined by 0.8% while silver rose by 0.06%.
The Euro/USD slightly rose by 0.08% to 1.3140; the U.S Dollar slightly appreciated against many exchange rates including the Aussie dollar.
Oil and Gas:
WTI price increased by 0.91% to $103.24 per barrel; Brent oil on the other hand decreased by 0.21% to $121.35 per barrel;
Due to these changes, the difference between Brent and WTI oil prices decreased to $18.11/bbl. During the month, WTI rose by 4.8% and Brent by 9.4%.
The Henry Hub future price (March delivery) sharply increased again by 4.28% to $2.68/mmbtu; the Henry Hub also rose to $2.67/mmbtu; the difference between the spot and future reached $0.01, i.e. Contango.
A Summary of Changes for February 17th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: