Silver and oil prices closed the day with rises –June 7

Major commodities continue to shift with no clear trend as silver prices along with crude oil prices finished the day with moderate rises; gold and natural gas spot price moderately declined.

Here is a summary of the main price changes in energy commodities and precious metals for June 7th:

Oil and Gas prices:

Spot oil price (WTI) bounced back as it moderately inclined yesterday by 0.08%% and reached $99.09 per barrel; during June the WTI spot oil price fell by 3.5%.

Brent spot price also inclined yesterday by 2.33% and reached $116.68 per barrel.

As a result, the difference between Brent and WTI inclined to $17.59.

Natural gas price (Henry Hub spot) on the other hand fell by 0.21% to $4.83 per mmbtu. The Henry Hub future price (July delivery) rose by 0.21% to $4.83 per mmbtu; as a result the gap between the spot and future price was closed. During June, natural gas spot price (Henry Hub) inclined by 4.3%.

Precious Metals prices:

Gold price changed direction and lost 0.21% of its value as it finished the day at $1,544. Silver price on the other hand inclined yesterday by 0.72% and reached $37.05.

During June, gold prices increased by 0.5% and silver price fell by 3.3%.

The EURO/ USD make a comeback and inclined yesterday by 0.79%, as the USD depreciated against the EURO. During June the EURO/USD gained 2% to its value.

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):

Crude spot oil prices, Natural gas spot price, Current Gold and Silver prices 2011 June 7


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