Oil and Natural Gas Bounced Back on Tuesday –Recap June 12th

Oil and Natural gas changed direction and after their tumble on Monday, both energy prices managed to rally on Tuesday; WTI and Brent oil rose by little under one percent; natural gas future price also increased by a similar rate, while the spot price tumbled down by over 2%; gold and silver prices continued their moderate upward trend. The Euro slightly appreciated again against the USD. Several other exchange rates such as the Aussie dollar also rose.

Here is a summary of the daily changes in precious metals and energy commodities for June 12th, 2012:

Forex and Bullion Markets:

Gold rose by 1.06% to $1,613; Silver also increased by 1.16% and reached $28.95. During the month, gold rose by 3.17% and silver by 4.29%.

The Euro/USD edged up by 0.18% to 1.2504; furthermore, the U.S Dollar also depreciated against several currencies such as Aussie dollar by 0.96%.

Energy Commodities:

WTI oil price changed direction yesterday and rose by 0.75% to $83.32 per barrel;

Brent oil also increased by 0.94% to $97.26 per barrel;

Following these shifts, the gap between Brent and WTI settled at $13.94/bbl. During the month, WTI declined by 3.71% and Brent oil by 4.7%.

Finally, the Henry Hub future (July delivery) rose by 0.9% to $2.23/mmbtu; the Henry Hub spot declined to $2.18/mmbtu; the difference between the spot and future rose to $0.05/mmbtu, Contango.

A Summary for June 12th:

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

 Gold Silver Crude oil Natural gas 2012 June 12

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