Natural Gas Hiked by Nearly 15% on Thursday –Recap June 14th

Natural gas changed direction and after it had declined in recent weeks the Henry Hub (July delivery) spiked by nearly 15%; crude oil also sharply rose during yesterday’s trading. Gold continued to dwindle as it edged up yesterday by one pip while silver declined. The Euro appreciated again against the USD. Several other exchange rates such as the Aussie dollar also increased.

Here is a summary of the daily changes in precious metals and energy commodities for June 14th, 2012:

Forex and Bullion Markets:

Gold edged up by 0.01% to $1,619.6; Silver fell by 1.85% and reached $28.41. During the month, gold rose by 3.54% and silver by 2.34%.

The Euro/USD also increased by 0.61% to 1.2633; furthermore, the U.S Dollar depreciated against several currencies such as Canadian dollar by 0.91%.

Energy Commodities:

WTI oil price sharply rose yesterday by 1.56% to $83.91 per barrel;

Brent oil also increased by 1.72% to $97.81 per barrel;

Following these shifts, the difference between Brent and WTI settled at $13.9/bbl. During the month, WTI declined by 3.03% and Brent oil by 4.2%.

Finally, the Henry Hub future (July delivery) hiked by 14.68% to $2.50/mmbtu; the Henry Hub spot edged up to $2.19/mmbtu; the difference between the spot and future rose to $0.31, Contango.

A Summary for June 14th:

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

 Gold Silver Crude oil Natural gas 2012 June 14

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