Oil prices bounced back with moderate rises yesterday – March 4

Crude oil price rose yesterday after it fell on Thursday, gold and silver prices also bounced back to finish the week with big increases, and natural gas spot price fell while the Henry Hub future price declined.

Let’s review the main changes in major energy commodities market and precious metals for March 4th:

Oil and Gas prices:

Crude oil price (WTI spot) rose yesterday by 2.46% as it reached 104.42$/b.

 

Brent spot price, also inclined yesterday by 1.1% to reach 115.72$/b.

As a result the spread between the Brent oil and WTI declined yesterday to 11.30$/b.

Natural gas spot price (Henry Hub) declined by 1.33%, to reach 3.7$/mmbtu.

Precious Metals prices:

Gold price inclined yesterday by 0.86%, while silver prices inclined by 1.46%.

EURO/ USD inclined yesterday by 0.13%. 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 – March 4th, 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):

Crude oil price, Natural gas spot price, Gold prices Silver prices March 4

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For further reading (in this site):

 

Yearly Analysis and Outlook:

 

1 comment for “Oil prices bounced back with moderate rises yesterday – March 4

  1. Bob Williams
    March 6, 2011 at 1:00 am

    Reduce gas prices: boycott Exxon Mobil (and BP, too) for the rest of the year. Get all friends and family to do the same. When EM sales drop, they’ll drop prices and others will be forced to follow. ExMob made record profits the last few years while we pay through the nose! Let’s have our own version of Egyptian mass demand for freedom — from high gas prices. Tweet. Post. Text. Email. Get everyone to agree!

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