Yesterday, there were moderate price changes for major commodities as crude oil prices (WTI and Brent) moderately inclined; natural gas spot price (Henry Hub) declined; and precious metals’ prices including gold and silver prices rose.
Here is a short summary of the price changes in major energy commodities and precious metals for April 4th:
Oil and Gas prices:
Crude oil price (WTI spot) inclined yesterday, April 4th by 0.49% and reached 108.47$/b.
Brent spot price also rose by 1.68% to reach 120.67$/b.
As a result, the difference between Brent and WTI rose and reached at 12.20$/b.
Natural gas spot price (Henry Hub) continue to decline, yesterday by a 2.55% to reach 4.21$/mmbtu.
The Henry Hub future price, also declined by 1.61% to reach 4.29$/mmbtu, resulting in the spread between future and spot price reaching 0.08$/mmbtu, i.e. contango.
Precious Metals prices:
Gold price, inclined by 0.29% and reached 1,433$; silver prices also inclined by 2.02% and reached 38.494$. During March silver prices increased by 10.1%, and gold prices by 0.6%.
EURO/ USD moderately decreased as the USD appreciated yesterday by 0.12%. For a more detailed report on major currencies, check out Forex crunch.
A summary of yesterday’s Prices Changes:
The table below includes: closing prices, daily percent change, and change in US dollars (except for USD/CAD, in which the change is in Canadian dollars):
For further reading (in this site):
Monthly Analysis and Outlook:
- Natural gas prices outlook for April 2011
- Crude oil prices Monthly outlook –April 2011
- Gold prices outlook for April 2011 – what’s next for gold?