Crude Oil Prices Started the Week Rising–Recap February 13

Crude oil prices started off the week on a positive note as both WTI and Brent oil prices rose. Gold and silver prices didn’t move much yesterday; natural gas prices sharply decreased. The Euro slightly depreciated against the USD; other major currencies (AUD and CAD) moderately appreciated against the U.S dollar. Here is a summary of the developments of precious metals and energy commodities for February 13th, 2012:

Precious Metals:

Gold price very moderately declined on Monday by 0.02% to $1,724.9; Silver price increased by 0.35% and reached $33.72. During February, gold declined by 0.9% while silver rose by 1.38%. 

The Euro/USD slightly fell by 0.08% to 1.3186; the U.S Dollar depreciated against other exchange rates such as the CAD.

Oil and Gas:

WTI price sharply rose by 2.27% to $100.91 per barrel; Brent oil also increased by 0.37% to $117.91 per barrel;

Due to these changes, the difference between Brent and WTI oil prices sharply decreased to $17/bbl. During the month, WTI rose by 2.5%, and Brent by 6.3%.

The Henry Hub future price (March delivery) decreased by 2.02% to $2.43/mmbtu; the Henry Hub also fell to $2.42/mmbtu; the difference between the spot and future slipped to $0.01, i.e. Contango.

A Summary of Changes for February 13th:

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

 Gold price Silver Crude oil prices, Natural gas 2012 February 13

For further reading: