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):
For further reading (in this site):
- Oil prices outlook – 4 March
- How well natural gas futures are in predicting the future?
- Riots in Iran raise the Middle East uncertainty
Yearly Analysis and Outlook:
- Crude oil price in 2010 and outlook for 2011
- Natural gas spot price in 2010 and projection to 2011
- Gold Prices Outlook for 2011 and Analysis of 2010