Oil prices fell yesterday, Brent oil & WTI gap shrinks – March 8

Yesterday there were moderate falls across the boarder: Crude oil price WTI and Brent oil declined, as the gap between the two commodities’ prices continue to close; gold and silver prices also declined for the first time this week, and natural gas spot price inclined while Henry Hub future closed the day on a fall.

Let’s review the main changes in major energy commodities market and precious metals for March 8th:

Oil and Gas prices:

Crude oil price (WTI spot) fell yesterday by 0.4% as it reached 105.02$/b – which is still a high level in the past couple of years.

Brent spot price declined yesterday by 1.93% to reach 112.67$/b – the lowest level since the beginning of the month. Brent oil completed a total decline of 2% fall this week so far.

As a result the spread between the Brent oil and WTI declined yesterday to 7.65$/b – the smallest spread since January 19th.

Natural gas spot price (Henry Hub) inclined by 3.23%, to reach 3.83$/mmbtu, while the Henry Hub future fell by 1.53% to reach 3.87$/mmbtu.


Precious Metals prices:

Gold price declined yesterday by 0.51%, while silver prices declined by 0.58%.

EURO/ USD declined yesterday by 0.45%. 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 8th, 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 8


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