The week started off with moderate changes to major energy commodities: crude oil prices (WTI spot) moderately inclined; gold prices remained above the 1,500$ mark and silver prices passed the 47$ mark; and finally natural gas spot prices (Henry Hub) moderately inclined.
Here is a summary of the changes in commodities and precious metals for April 25th:
Precious Metals prices:
Silver prices continued to rise yesterday and pass the 47$ mark; silver closed the trading day on 47.17$, a 2.38% rise; gold prices moderately inclined by 0.35% and reached 1,509.
During April, gold prices increased by 5.6%, and silver prices rose by 25%!
Oil and Gas prices:
Crude spot oil price (WTI) inclined by 0.15% to reach 111.88$/b; during April, the WTI spot oil price rose by 4.0%.
Brent spot price on the other hand decreased by 0.43% and settled at 123.67$/b.
As a result, the difference between Brent and WTI kept on falling and reaching 11.79$/b.
Natural gas spot price (Henry Hub) inclined yesterday by 0.69% and reached 4.36$/mmbtu.
The Henry Hub future price declined by 0.45% to 4.39$/mmbtu, resulting in the spread between future and spot price reaching +0.03$, i.e. contango.
EURO/ USD finished the day with a 0.20% increase, as the USD continued to depreciate against the EURO.
A summary of yesterday’s Prices Changes:
The table below includes: closing prices, daily percent change, and change in US dollars (except for USD/CAD, in which the change is in Canadian dollars):
For further reading (in this site):
- The rising Instability in the Middle East and oil prices outlook 25 April
- Weekly outlook for April 25-29
- Gold & Silver Prices Outlook – 21 April
Monthly Analysis and Outlook:
- Natural gas prices outlook for April 2011
- Crude oil prices Monthly outlook –April 2011
- Gold prices outlook for April 2011 – what’s next for gold?