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):
For further reading (in this site):
Monthly Analysis and Outlook:
- Natural gas prices outlook for May 2011
- Gold and silver prices outlook for June 2011
- Oil prices Monthly outlook –May 2011