Major commodities finished the day with rises, including crude oil, gold, silver and natural gas.
Here is a summary of the price movements of precious metals and energy commodities for June 22nd:
Oil and Gas prices:
WTI Spot oil price continue its rally and inclined yesterday by 1.4% to $95.01 per barrel; during June the WTI spot oil price fell by 7.5%.
Brent spot price also rose yesterday by 1.65% to $113.87 per barrel.
As a result, the difference between Brent and WTI declined to $18.86.
Natural gas Henry Hub future price (July delivery) declined again by 1.59% to $4.32/mmbtu. The Henry Hub spot price on the other hand rose by 0.68% to $4.41/mmbtu; as a result the gap between the spot and future price dropped to -$0.09, i.e. backwardation. During June, natural gas spot price (Henry Hub) declined by 4.8%.
Precious Metals prices:
Gold price moderately increased for the seventh straight day, yesterday by 0.45% to $1,553. Silver price also rose by 1.03% to $36.75.
During June, gold prices increased by 1.1% and silver price fell by 4.0%.
The EURO/ USD continue to zigzag; yesterday it declined by 0.38%, as the USD appreciated against the EURO. During June the EURO/USD lost 0.3% of its value.
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