Let’s review the main price changes in major energy commodities and precious metals for March 18th:
Oil and Gas prices:
Crude oil price (WTI spot) fell yesterday by 0.35% as it reached 101.07$/b.
Brent spot price also decreased by 0.44% to reach 114.3$/b.
As a result the difference between Brent and WTI moderately fell to 13.23$/b.
Natural gas spot price (Henry Hub) continues to zigzag as finished off the week with a rise of 3.9%, the highest price change in all of March, to reach 4.00$/mmbtu; the Henry Hub future price rose but much more moderately by 0.24% to reach 4.17$/mmbtu – the highest level in March, resulting in the gap between future and spot price to drop to 0.17$/mmbtu.
Precious Metals prices:
Gold price inclined yesterday by 0.85%, and silver prices also rose by 2.34%.
EURO/ USD rose yesterday by 1.15%. 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 18th, 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 forecast – 18 March
- Gold prices bounce back in February – what will be next?
- Natural gas prices outlook for March 2011
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