Oil Silver and Natural Gas Rallied on Friday – Recap May 3rd

Major commodities prices mostly increased on the last business day of the week: the prices of Brent and WTI oil rose on Friday; natural gas Henry Hub future (short term delivery) also slightly increased yesterday; silver price rallied while gold prices fell on Friday; the Euro slightly rose again against the USD on Friday. Moreover, several other currencies such as the Aussie dollar also appreciated against the U.S dollar.

Here is a summary of the daily changes of precious metals and energy commodities as of May 3rd, 2013:

Forex and Precious Metals Markets:

On Friday, gold declined again by 0.23% to $1,464.2; silver increased by 0.77% to $23.99. During the week, gold rose    by 0.7%; silver, by 1.0%.

On Friday, the Euro/USD slightly rose by 0.38% to 1.3114; moreover, the U.S Dollar depreciated against several currencies such as Aussie  dollar by 0.68%.

Energy Commodities:

WTI oil price also rallied by 1.72% to $95.61 per barrel; Brent oil also increased by 1.30% to $104.19 per barrel;

Thus, the gap between Brent and WTI shrank to $8.58/bbl. During the week, WTI rose by 1.0%; Brent oil, by 2.8%.

Finally, the Henry Hub future (short term delivery) slightly increased yesterday by 0.40% and settled at $4.04/mmbtu.

A Summary for May 3rd:

The table below includes: closing rates, daily percent changes, and daily changes:

Gold Silver Crude oil Natural gas 2012 May 3

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