A slow day was yesterday for many commodities, as precious metals didn’t move much as do crude oil price. Natural gas prices however continue to free fall.
Let’s quickly review the changes in major energy commodities market and precious metals for February 10th:
Oil and Gas prices:
Crude oil price (WTI spot) rose for the second day, this time a very moderate inclination, by 0.02% as it settled on 86.73 $/b.
Brent spot price, also inclined to reach 101.52$/b, an increase of 0.04%.
During the month of February, WTI spot prices declined by 3.1%, while Brent spot increased by 1.1%.
Natural gas prices continue to fall as the winter season subsides; the NY city gate price declined yesterday by nearly 34%.
Natural gas spot price (Henry Hub) also declined, for fifth straight business day, yesterday by 2.84%, as it reached 4.11$/mmbtu – the lowest level since December 2010.
Precious Metals prices:
Gold price declined yesterday by 0.22%, as it reached 1,362 $/t oz.
Silver prices also decreased moderately by 0.6% and reached 30.09$/t oz.
EURO/ USD declined yesterday by 0.95%, the USD also appreciated against the CAD, as the USD/CAD inclined by 0.15%. For a more detailed report on major currencies, check out Forex crunch.
A summary of yesterday’s Prices Changes:
The following table presents the main descriptive data from last business day – February 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):
For further reading (in this site):
- Weekly outlook for Crude oil, Natural gas and Gold 7-11 February
- Is gold a safe heaven investment compare to S&P500
- Examining the Fed’s policy and its potential effect on oil prices
Yearly Analysis and Outlook: