Oil and Natural Gas Bounced Back on Thursday – Recap March 14th

Major commodities were traded mostly up on the penultimate business day of the week: the prices of Brent oil and WTI oil bounced back on Thursday; natural gas Henry Hub future (short term delivery) spiked yesterday; silver and gold prices little changed on Thursday; the Euro slightly appreciated again against the USD on Thursday. Moreover, several other currencies such as the Aussie dollar also appreciated against the US dollar.

Here is a summary of the daily developments of precious metals and energy commodities for March 14th, 2013:

Forex and Bullion Markets:

On Thursday, gold edged up by 0.14% to $1,590.7; silver declined again by 0.53% to $28.78. During the month, gold rose    by 0.82%; silver, by 1.36%.

On Thursday, the Euro/USD rallied by 0.29% to 1.2999; the U.S Dollar depreciated against a few currencies such as Australian  dollar by 0.85%.

Energy Commodities:

WTI oil price rose by 0.83% to $93.03 per barrel; Brent oil also increased by 0.83% to $109.42 per barrel;

Thus, the gap between Brent and WTI rose to $16.39/bbl. During the month, WTI rose by 1.06%; Brent oil decreased by 1.76%.

Finally, the Henry Hub future (short term delivery) sharply rose yesterday by 3.59% to reach $3.81/mmbtu.

A Summary for March 14th:

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

Gold Silver Crude oil Natural gas 2012 March 14

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