Oil and Natural Gas Rallied on Tuesday – Recap February 19th

Many commodities traded in a mixed trend again on the first business day of the week: the price of Brent oil declined while WTI oil rose on Tuesday; natural gas Henry Hub future (short term delivery) changed direction and spiked yesterday; the prices of silver and gold continued to trade down on Tuesday; the Euro moderately appreciated against the USD on Tuesday. Moreover, several other currencies such as the Aussie dollar also increased against the USD.

Here is a summary of the daily changes of precious metals and energy commodities for February 19th, 2013:

Forex and Bullion Markets:

On Tuesday, gold decreased by 0.29% and reached $1,604.3; silver also decreased by 1.44% to $29.42. During the month, gold fell    by 3.39%; silver, by 6.11%.

On Tuesday, the Euro/USD slightly increased by 0.26% to 1.3386; the U.S Dollar also depreciated against several currencies such as Australian  dollar by 0.49%.

Energy Commodities:

WTI oil price increased by  0.83% to $96.66 per barrel; Brent oil, on the other hand, declined by 0.89% to $117.52 per barrel;

Thus, the difference between Brent and WTI contracted to $20.86/bbl. During the month, WTI decreased by 0.85%; Brent oil rose by 1.7%.

Finally, the Henry Hub future (short term delivery) spiked yesterday by 3.71% to $3.27/mmbtu.

A Summary for February 19th:

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

Gold Silver Crude oil Natural gas 2012 Feb 19

For further reading: