Oil and Natural Gas Rallied on Wednesday – Recap May 15th

Major commodities were traded again in a mixed trend on the third business day of the week: Brent oil and WTI oil bounced back on Wednesday; natural gas Henry Hub future (short term delivery) rallied again yesterday; silver and gold prices plunged on Wednesday; the Euro also slipped against the USD on Wednesday. On the other hand, several currencies such as the Aussie dollar appreciated against the U.S dollar.

Here is a summary of the daily developments of precious metals and energy commodities as of May 15th, 2013:

Forex and Precious Metals Markets:

On Wednesday, gold plummeted by 1.99% to $1,396; silver also decreased by 3.05% to $22.65. During the month, gold fell    by 5.16%; silver, by 6.18%.

On Wednesday, the Euro/USD slipped by 0.26% to 1.2887; conversely, the U.S Dollar also depreciated against several currencies such as Aussie  dollar by 0.09%.

Energy Commodities:

WTI oil price rallied by 0.10% to $94.30 per barrel; Brent oil increased by 1.05% to $103.68 per barrel;

Thus, the difference between Brent and WTI expanded to $9.38/bbl. During the month, WTI increased by 0.9%; Brent oil, by 1.28%.

Finally, the Henry Hub future (short term delivery) increased again yesterday by 1.14% and settled at $4.07/mmbtu.

A Summary for May 15th:

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

Gold Silver Crude oil Natural gas 2012 May 15

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