Crude oil price WTI spot and Brent oil continue to fall as they closed the market with a decline and the gap between the two commodities’ prices moderately widen; gold and silver prices declined, and natural gas spot price continued to zigzag as it inclined while Henry Hub future fell.
Let’s review the main changes in major energy commodities market and precious metals for March 10th:
Oil and Gas prices:
Crude oil price (WTI spot) fell yesterday by 1.61% as it reached 102.7$/b.
Brent spot price also fell by 1.07% to reach 114.69$/b.
As a result the spread between the Brent oil and WTI widen yesterday to 11.99$/b.
Natural gas spot price (Henry Hub) continues to zigzag as it inclined by 1.85%, to reach 3.86$/mmbtu (its highest level all week), while the Henry Hub future price fell by 2.54% to reach 3.83$/mmbtu (its lowest level this week).
Precious Metals prices:
Gold price also continues to zigzag, as declined yesterday by 1.2%, while silver prices declined by 2.72%. These recent declines caused gold and silver price to drop on a weekly level.
EURO/ USD declined yesterday by 0.79%. 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 10th, 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):
- Oil prices outlook – 10 March
- Natural gas prices outlook– 9 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