Oil prices continue to rise –February 17

Let’s review the main changes in major energy commodities market and precious metals for February 18th:

Oil and Gas prices:

Crude oil price (WTI spot) continue its rally, after rising on Wednesday by 2.24%, yesterday it inclined by 1.61% as it settled on 86.36$/b. With this recent rise, WTI spot reached its level from the beginning of last week. Nonetheless, up to date, WTI spot price decline during February by 3.6%.

Brent spot price on the other hand, declined by 1.22% to reach 102.46$/b.

As a result the spread between the Brent oil and WTI has declined to 16.1$/b.

During the month of February, Brent spot price inclined by 2.1%.

Natural gas spot price (Henry Hub) continue to fall, as it did for most of the last couple of week: yesterday it declined by 1.02%, to reach 3.89$/mmbtu; as the cold harsh condition of the winter season will subsides, we will probably see an ongoing fall in natural gas prices.

Furthermore, NY City gate price declined yesterday by 1.19% to reach 4.16$/mmbtu.

Up to date, Henry Hub spot price declined during February by 12%, and the Henry Hub future (short term) price decreased by 11%.

Precious Metals prices:

Gold price inclined yesterday by 0.73%, as it reached 1,385 $/t oz.

Silver prices, much like gold prices, inclined yesterday by 3.07% and reached 31.57$/t oz.

Up to date, gold completed a 3.3% rise during February, and silver completed a 10.7%.

EURO/ USD inclined moderately yesterday by 0.29%, the USD also depreciated against the YEN, as the USD/YEN declined by 0.44%. 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 17th, 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 17

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