Oil Silver and Natural Gas Rose Again on Thursday–Recap July 12th

Major commodities didn’t do much yesterday: Crude oil prices including both WTI and Brent edged up on Thursday; gold declined again for the third consecutive day, while silver rose for the second straight day. Natural gas Henry Hub (August delivery) increased again. The Euro edged down against the USD. Several other currencies rates including the Aussie dollar also fell against USD.

Here is a summary of the daily changes in precious metals and energy commodities for July 12th, 2012:

Forex and Bullion Markets:

Gold decreased again by 0.66% to $1,565.3; Silver on the other hand increased by 0.51% and reached $27.16. During July, gold decreased by 2.42% and silver by 1.63%.

The Euro/USD edged down by 0.29% to 1.2203; further, the U.S Dollar rose against several currencies such as Aussie dollar by 1.1%.

Energy Commodities:

WTI oil price slightly rose yesterday by 0.31% to $86.08 per barrel;

Brent oil also edged up by 0.05% to $100.45 per barrel;

Following these changes, the difference between Brent and WTI reached $14.37/bbl. During the month, WTI rose by 1.32% and Brent oil by 3.6%.

Finally, the Henry Hub future (August delivery) increased by 1.05% to $2.88/mmbtu; the Henry Hub spot increased to $2.8./mmbtu; the difference between the spot and future reached $0.05, Contango.

A Summary for July 12th:

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

 Gold Silver Crude oil Natural gas 2012 July 12

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