The final day of the week closed with very moderate changes for crude oil prices; natural gas spot price continued to zigzag as it fell, while Henry Hub short term future prices rose; gold and silver prices declined.
Let’s review the main price changes in major energy commodities and precious metals for March 25th:
Oil and Gas prices:
Natural gas spot price (Henry Hub) continued to zigzag as it closed the week as it declined by 3.28%, to reach 4.13$/mmbtu.
The Henry Hub future price on the other hand inclined by 3.53% to reach 4.4$/mmbtu, resulting in the gap between future and spot price to reach 0.27$/mmbtu, i.e. contango.
Crude oil price (WTI spot) very moderately decreased yesterday by 0.05% to 105.00$/b. The NYMEX Futures Prices (April delivery) also fell by 0.19% to reach 105.4, thus the contango reached 0.40$/b.
Brent spot price on the other hand rose by 0.21% to reach 115.83$/b.
As a result, the difference between Brent and WTI moderately fell to 10.83$/b.
Precious Metals prices:
Silver price, after rising all week, fell yesterday by 0.87%; gold prices also fell by 0.51%. During March silver prices increased by 7.6%, and gold prices fell by 0.3%.
EURO/ USD decreased yesterday by 0.63%. 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 – March 25th, 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):
- Oil prices forecast – 25 March
- Gold & Silver Prices Outlook –25 March
- Natural gas prices forecast – 25 March
Yearly Analysis and Outlook:
- Crude oil price in 2010 and outlook for 2011
- Natural gas spot price in 2010 and projection to 2011
- Gold Prices Outlook for 2011 and Analysis of 2010