Oil and gold prices continue their rally –June 29

Crude oil prices (WTI and Brent spot oil) continued to rise and finished yesterday on a high note. Gold and silver prices also rose; natural gas future price moderately declined.

Here is a summary of the price movements of precious metals and energy commodities for June 29th:

Oil and Gas prices:

WTI Spot oil price inclined by 2.02% to $94.77 per barrel; during June the WTI spot oil price fell by 7.7%.

Brent spot price also rose by 3.41% to $112.40 per barrel.

Due to these rises the difference between Brent and WTI rose to $17.63.

Natural gas Henry Hub future price (July delivery) moderately declined by 0.92% to $4.31/mmbtu. The Henry Hub spot price increased by 0.69% to $4.39/mmbtu; the gap between the spot and future price fell again to -$0.08, i.e. backwardation. During June, natural gas spot price (Henry Hub) declined by 5.2%.

Precious Metals prices:

Gold price inclined again yesterday by 0.68% to $1,510. Silver price also rose by 3.32% to $34.77.

During June, gold prices decreased by 1.7% and silver price fell by 9.2%.

The EURO/ USD also inclined yesterday by 0.44%, as the USD depreciated against the EURO. During June the EURO/USD rose by 0.4% compared with the rate 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):

Crude spot oil prices, Natural gas spot price, Current Gold and Silver prices 2011 June 29


For further reading:

Monthly Analysis and Outlook: