Oil and Gold Rose Again on Monday – Recap May 6th

Major commodities prices moved in a mixed trend on the first business day of the week: the prices of Brent and WTI oil rallied again on Monday; natural gas Henry Hub future (short term delivery) slightly decreased yesterday; silver price slipped while gold prices rose on Monday; the Euro slightly fell against the USD on Monday. Moreover, several other currencies such as the Aussie dollar also depreciated against the U.S dollar.

Here is a summary of the daily changes of precious metals and energy commodities as of May 6th, 2013:

Forex and Precious Metals Markets:

On Monday, gold rose by 0.26% to $1,468; silver decreased by 0.24% to $23.94. During the month, gold slipped    by 0.29%; silver, by 0.86%.

On Monday, the Euro/USD slightly fell by 0.29% to 1.3076; moreover, the U.S Dollar slightly appreciated against several currencies such as Aussie  dollar by 0.63%.

Energy Commodities:

WTI oil price also rose by 0.58% to $96.16 per barrel; Brent oil also increased by 1.22% to $105.46 per barrel;

Thus, the difference between Brent and WTI expanded to $9.30/bbl. During the month, WTI rose by 2.89%; Brent oil, by 3.02%.

Finally, the Henry Hub future (short term delivery) slightly fell yesterday by 0.74% and settled at $4.01/mmbtu.

A Summary for May 6th:

The table below includes: closing rates, daily percent changes, and daily changes:

For further reading: