Let’s quickly review the changes in major energy commodities market and precious metals for February 15th:
Oil and Gas prices:
Natural gas spot price (Henry Hub) after declining for seventh straight business days, it broke its fall yesterday with a moderate rise of 0.51%, to reach 3.92$/mmbtu; as the cold harsh condition of the winter season will subsides, we will probably see an ongoing fall in natural gas prices.
On the other hand, the NY city gate price moderately declined yesterday by 7.19%.
Crude oil price (WTI spot) fell for the third straight business day, yesterday by 0.58% as it settled on 84.32$/b – the lowest level since November 30th.
Brent spot price also declined by 1.07% to reach 101.2$/b.
During the month of February, WTI spot prices declined by 5.8%, while Brent spot increased by 0.8%.
Precious Metals prices:
The precious metal market continues to show strength as gold and silver prices rose for the second straight day:
Gold price inclined yesterday by 0.66%, as it reached 1,374 $/t oz.
Silver prices also increased yesterday by 0.53% and reached 30.69$/t oz.
Up to date, gold completed a 2.5% incline during February, and silver completed a 7.7% rise.
EURO/ USD declined very moderately yesterday by 0.02%, the USD also appreciated against the CAD, as the USD/CAD inclined by 0.07%. For a more detailed report on major currencies, check out Forex crunch.
A summary of yesterday’s Prices Changes:
The following table presents the main descriptive data from last business day – February 15th, for precious metals, energy commodities and exchange rates. The table includes: settled prices, daily percent change, and quantitative change in US dollars (except for USD/CAD, in which the change is in Canadian dollars):
For further reading (in this site):
- Weekly outlook for Crude oil, Natural gas and Gold 14-18 February
- Oil prices continue descending – Weekly recap 7-11 February
- Examining the Fed’s policy and its potential effect on oil prices
Yearly Analysis and Outlook: