The week started with WTI spot price rising, Brent oil falling, natural gas prices declining and precious metals prices moderately rising.
Here is a summary of the price movements of precious metals and energy commodities for June 20th:
Oil and Gas prices:
WTI Spot oil price started the week with a moderate drop of 0.27% as it reached $93.26 per barrel; during June the WTI spot oil price fell by 9.2%.
Brent spot price on the other hand declined yesterday by 1.51% to $111.78 per barrel.
As a result, the difference between Brent and WTI declined to $18.52.
Natural gas Henry Hub future price (July delivery) also fell by 0.23% to $4.32 per mmbtu. The Henry Hub spot price fell by 1.37% to $4.33/mmbtu; as a result the gap between the spot and future price rose to -$0.01, i.e. backwardation. During June, natural gas spot price (Henry Hub) declined by 6.5%.
Precious Metals prices:
Gold price moderately inclined again by 0.16% to $1,541. Silver price also inclined by 0.90% to $36.07.
During June, gold prices increased by 0.3% and silver price fell by 5.8%.
The EURO/ USD very moderately declined by 0.01%, as the USD appreciated against the EURO. During June the EURO/USD lost 0.6% of its value.
A summary of yesterday’s Prices Changes:
The table below includes: closing prices, daily percent change, and change in US dollars (except for USD/CAD, in which the change is in Canadian dollars):
For further reading:
Monthly Analysis and Outlook:
- Natural gas prices outlook for June 2011
- Gold and silver prices outlook for June 2011
- Oil prices Monthly outlook –June 2011