Oil prices bounce back with a steady rise –February 16

Let’s quickly review the changes in major energy commodities market and precious metals for February 16th:

Oil and Gas prices:

Crude oil price (WTI spot) after falling for three straight business days, it bounced back yesterday with a 2.24% increase as it settled on 84.99$/b. Yet WTI is still being traded at a low rate compare the last several weeks.

Brent spot price also inclined by 1.22% to reach 103.73$/b.

During the month of February, WTI spot prices declined by 5.1%, while Brent spot increased by 3.3%.

Natural gas spot price (Henry Hub) after declining for seventh straight business days, it broke its fall in the last  couple of days as it rose moderately yesterday by 0.26%, to reach 3.93$/mmbtu; as the cold harsh condition of the winter season will subsides, we will probably see an ongoing fall in natural gas prices.

On the other hand, the NY city gate price moderately declined yesterday by 1.17%.

Precious Metals prices:

Gold price inclined yesterday by 0.07%, as it reached 1,378 $/t oz.

Silver prices on the other hand declined yesterday by 0.22% and reached 30.629$/t oz.

Up to date, gold completed a 2.6% incline during February, and silver completed a 7.4% rise.

EURO/ USD inclined moderately yesterday by 0.61%, the USD also depreciated against the CAD, as the USD/CAD declined by 0.64%. For a more detailed report on major currencies, check out Forex crunch.

A summary of yesterday’s Prices Changes:

The following table presents the main descriptive data from last business day – February 16th, for precious metals, energy commodities and exchange rates. The table includes: settled prices, daily percent change, and quantitative change in US dollars (except for USD/CAD, in which the change is in Canadian dollars):

Natural gas spot price, Crude oil price, current Gold prices Silver prices February 16

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