Crude oil price closed the week with moderate falls – March 18

Let’s review the main price changes in major energy commodities and precious metals for March 18^th:

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 18^th, 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):

[ratings]

For further reading (in this site):

Yearly Analysis and Outlook:

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