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%.
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:
For further reading: