Crude oil prices including WTI and Brent changed direction and after they had risen for six consecutive days, they declined on Friday; natural gas Henry Hub (August delivery) and spot price continued to trade up. Gold and silver rates edged up for the second consecutive day. The Euro tumbled down against the USD. Several other currencies rates including the Aussie dollar also decreased against USD.
Here is a summary of the daily changes in precious metals and energy commodities for July 20th, 2012:
Forex and Bullion Markets:
Gold rose again by 0.15% to $1,582.8; Silver also rose by 0.31% and reached $27.3. During July, gold decreased by 1.33% and silver by 1.12%.
The Euro/USD tumbled down by 1% to 1.2158; further, the U.S Dollar also appreciated against several currencies such as Aussie dollar by 0.48%.
WTI oil price declined yesterday by 1.32% to $91.44 per barrel;
Brent oil also fell by 1.39% to $107.33 per barrel;
Following these changes, the difference between Brent and WTI edged down to $15.89/bbl. During the month, WTI increased by 7.63% and Brent oil by 10.6%.
Finally, the Henry Hub future (August delivery) hiked by 2.67% to $3.08/mmbtu; the Henry Hub spot also increased to $3.02/mmbtu; the difference between the spot and future reached $0.06, Contango.
A Summary for July 20th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: