Oil and Natural Gas Plunged on Monday –Recap June 11th

Oil and Natural gas started off the week falling: Brent oil tumbled down by a much higher rate than WTI; natural gas future price also plunged by almost 4%; gold and silver prices didn’t so much yesterday as both metals edged up. The Euro slightly depreciated again against the USD. Several other exchange rates such as the Aussie dollar also depreciated.

Here is a summary of the daily changes in precious metals and energy commodities for June 11th, 2012:

Forex and Bullion Markets:

Gold edged up by 0.34% to $1,596; Silver also rose by 0.51% and reached $28.62. During the month, gold rose by 0.9% and silver by 1.3%.

The Euro/USD edged down by 0.28% to 1.2482; furthermore, the U.S Dollar appreciated against several currencies such as Canadian dollar by 0.51%.

Energy Commodities:

WTI oil price declined yesterday by 1.66% to $82.1 per barrel;

Brent oil plunged by 3.3% to $96.35 per barrel;

Following these changes, the gap between Brent and WTI settled at $13.65/bbl. During the month, WTI declined by 4.43% and Brent oil by 5.6%.

Finally, the Henry Hub future (July delivery) tumbled down by 3.91% to $2.21/mmbtu; the Henry Hub spot remained unchanged at $2.23/mmbtu; the difference between the spot and future fell to $0.02/mmbtu, Backwardation.

A Summary for June 11th:

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

 Gold Silver Crude oil Natural gas 2012 June 11

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