Crude oil prices (WTI and Brent spot oil) bounced back and inclined yesterday; gold and silver prices also inclined but very moderately; natural gas spot price kept on rising as well.
Here is a summary of the price movements of precious metals and energy commodities for June 28th:
Oil and Gas prices:
WTI Spot oil price inclined by 2.52% to $92.89 per barrel; during June the WTI spot oil price fell by 9.6%.
Brent spot price also rose by 2.17% to $108.69 per barrel.
Despite these rises the difference between Brent and WTI almost didn’t change and settled yesterday on $15.80.
Natural gas Henry Hub future price (July delivery) rose again by 2.11% to $4.35/mmbtu. The Henry Hub spot price increased by 2.59% to $4.36/mmbtu; the gap between the spot and future price fell to -$0.01, i.e. backwardation. During June, natural gas spot price (Henry Hub) declined by 5.8%.
Precious Metals prices:
Gold price inclined yesterday by 0.25% to $1,500. Silver price also moderately rose by 0.16% to $33.65.
During June, gold prices decreased by 2.4% and silver price fell by 12.1%.
The EURO/ USD inclined yesterday by 0.59%, as the USD depreciated against the EURO. During June the EURO/USD didn’t change compared with its level at the beginning of the month.
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:
Monthly Analysis and Outlook:
- Natural gas prices outlook for June 2011
- Gold and silver prices outlook for June 2011
- Oil prices Monthly outlook –June 2011