Oil and Silver Rose Again on Tuesday–Recap August 7th

Many commodities continued trade up during yesterday: crude oil price including WTI and Brent oil increased again on Tuesday; gold edged down while silver price increased; natural gas Henry Hub (September delivery) and spot prices also rose. The Euro edged down on Tuesday. Several exchange rates including the Aussie dollar also fell against USD.

Here is a summary of the daily changes in precious metals and energy commodities for August 7th, 2012:

Forex and Bullion Markets:

Gold decreased by 0.21% to $1,612.8; Silver rose by 0.8% and reached $28.09. During the month, gold slipped by 0.11%; silver rose by 0.62%.

The Euro/USD edged down by 0.02% to 1.2399; further, the U.S Dollar also depreciated against some other currencies such as Aussie dollar by 0.14%.

Energy Commodities:

WTI oil price increased again yesterday by 1.59% to $93.67 per barrel;

Brent oil also rose by 1.48% to $111.7 per barrel;

Following these changes, the gap between Brent and WTI rose to $18.03/bbl. During the month, WTI rose by 6.37% and Brent oil by 5.4%.

Finally, the Henry Hub future (September delivery) increased again by 2.06% to $2.97/mmbtu; the Henry Hub spot rose to $2.99/mmbtu; the difference between the spot and future fell to -$0.02, backwardation.

A Summary for August 7th:

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

Gold Silver Crude oil Natural gas 2012 August 7

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