Oil and gas prices start off the week with moderate changes –June 20

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):

Crude spot oil prices, Natural gas spot price, Current Gold and Silver prices 2011 June 20


For further reading:

Monthly Analysis and Outlook: