Major commodities prices didn’t do much yesterday as crude oil prices slightly rose, while gold price moderately declined. Silver price on the other hand edged up yesterday. Natural gas future price bounced back from its decline on Monday. The rise in U.S retails sales including the demand for gasoline in the U.S. may have helped rally energy prices during yestreday’s trading.The Euro remained virtually unchanged against the U.S. dollar.
Here is a summary of the changes in precious metals and energy commodities for March 13th, 2012:
Gold price slipped by 0.33% to $1,694.2; Silver price on the other hand increased by 0.5% and reached $33.58. During March, gold decreased by 1% and silver by 3.06%.
The Euro/USD was traded slightly up by 0.01% to 1.3155; furthermore, the U.S Dollar slightly depreciated against many other exchange rates such as the Canadian dollar.
Oil and Gas:
WTI price also traded up by 0.35% to $106.71 per barrel; Brent oil also increased by 0.60% to $126.30 per barrel;
Due to these changes, the gap between Brent and WTI oil prices expanded to $19.59/bbl. During the month, WTI traded down by 0.3% while Brent oil edged up by 1.9%.
The Henry Hub future (April delivery) slightly rose by 1.1% to $2.29/mmbtu; the Henry Hub spot price declined to $2.15/mmbtu; the difference between the spot and future reached $0.14/mmbtu, i.e. Contango.
A Summary of Changes for March 13th:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: