Yesterday the commodities market stirred up with crude oil price sharply fell, the same goes for gold prices and silver prices, while natural gas spot price and future price sharply inclined.
Here is a daily recap for January 20th of the main price changes in major energy commodities and precious metals:
Crude oil price (WTI spot) fell for the second third day, yesterday however, it fell very sharply by 2.2% as it settled on 88.86 $/b; Brent oil price also fell sharply by 1.55% and reached 95.82$/b.
Currently, the gap between the Brent oil and WTI is at 6.96$/b.
Natural gas spot price (Henry Hub), after it zigzagged for the past few days, sharply inclined yesterday by 2.24% and settled on 4.57 USD/MMBTU.
The Nymex Henry Hub Future Price (futures for February) continues to rise, after it sharply inclined by nearly 3% on Wednesday, yesterday it rose by 2.85% and settled on 4.69 USD/MMBTU.
These rises are probably related to the cold weather in the Northeast of the US. Consider that the NY city gate natural gas spot price rose yesterday by 44.5%.
Precious Metals prices:
Gold prices sharply declined yesterday by 1.73% and reached 1,346 $/t oz.
Silver prices, much like gold prices, fell very sharply yesterday by 4.61% and reached 27.47$/t oz.
EURO/ USD didn’t change yesterday, while the USD strengthened against the AUD, as the AUD /USD declined by 0.12%. For a more detailed report on the EURO/USD check out Forex crunch.
A summary of yesterday’s Prices Changes:
The following table presents the main descriptive data from last business day – January 20th, 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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