Oil and gas prices fell yesterday – March 3

Major commodities fell yesterday across the boarder, including energy commodities’ prices such as crude oil price and natural gas spot price, and precious metal, including gold and silver.

Let’s review the main changes in major energy commodities market and precious metals for March 3rd:

Oil and Gas prices:

Crude oil price (WTI spot) fell yesterday by 0.31% as it reached 101.91$/b.

Brent spot price, also declined yesterday by 1.29% to reach 114.46$/b.

As a result the spread between the Brent oil and WTI declined yesterday to 12.55$/b.

Natural gas spot price (Henry Hub) declined by 1.32%, to reach 3.75$/mmbtu.

The Nymex Henry Hub future prices (April Delivery) fell yesterday by 1.56%, reaching 3.78 $/mmbtu. As a result the Contango for the Henry Hub has reached 0.03$/mmbtu.

Furthermore, NY City gate price declined yesterday by 13.45% to reach 4.12$/mmbtu.

Precious Metals prices:

Gold price declined yesterday by 1.48%, as it reached 1,416$/t oz.

Silver prices, much like gold prices, declined yesterday by 1.46% and reached 34.327$/t oz.

This is the first fall for any of these metals this week.

EURO/ USD inclined yesterday by 0.74%, the USD also depreciated against the CAD, as the USD/ CAD moderately declined by 0.11%. 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 3rd, 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):

Crude oil price, Natural gas spot price,  current Gold prices Silver prices March 3


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