Oil Silver and Gold Declined on Thursday – Recap February 7th

Major commodities prices changed direction and declined on the fourth business day of the week: the prices of Brent oil rose while WTI oil declined on Thursday; natural gas Henry Hub future (short term delivery) tumbled down yesterday; the prices of silver and gold also changed direction and decreased on Thursday; the Euro sharply depreciated against the USD on Thursday. Moreover, some other currency pairs such as the Canadian dollar also depreciated against the USD.

Here is a summary of the daily changes of precious metals and energy commodities for February 7th, 2013:

Forex and Bullion Markets:

On Thursday, gold fell by 0.45% and reached $1,670.6; silver declined by 1.49% to $31.4. During the month, gold rose    by 0.6%; silver, by 0.22%.

On Thursday, the Euro/USD decreased by 0.93% to 1.3398; the U.S Dollar appreciated against some currencies such as Aussie  dollar by 0.37%.

Energy Commodities:

WTI oil price fell by 0.82% to $95.83 per barrel; Brent oil rose by 0.44% to $117.24 per barrel;

Thus, the difference between Brent and WTI expanded to $21.41/bbl. During the month, WTI decreased by 1.7%; Brent oil rose by 1.46%.

Finally, the Henry Hub future (short term delivery) changed direction and plunged yesterday by 3.89% to $3.29/mmbtu.

A Summary for February 7th:

The table below includes: closing prices, daily percent shifts, and daily changes:

Gold Silver Crude oil Natural gas 2012 Feb 7

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