Major commodities prices finished the week with declines –June 10

Major commodities prices continue to zigzag with no clear trend and they finished the week with declines.

Here is a summary of the price movement in energy commodities and precious metals for June 10th:

Oil and Gas prices:

WTI Spot oil price fell yesterday by 2.59%% and reached $99.29 per barrel; during June the WTI spot oil price fell by 3.3%.

Brent spot price also declined yesterday by 0.96% to $118.20 per barrel.

As a result, the difference between Brent and WTI rose to $18.91.

Natural gas price (Henry Hub spot) decreased to $4.72 per mmbtu. The Henry Hub future price (July delivery) gained 1.93% to its value to $4.76 per mmbtu; as a result the gap between the spot and future price rose to $0.04, i.e. contango. During June, natural gas spot price (Henry Hub) inclined by 1.9%.

Precious Metals prices:

Gold price ended the week falling by 0.88% at $1,529. Silver price also followed and fell by 2.93% and reached $36.33.

During June, gold prices decreased by 0.5% and silver price fell by 5.2%.

The EURO/ USD declined for the third straight day; yesterday it fell by 1.12%, as the USD appreciated against the EURO. During June the EURO/USD lost 0.3% 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 10


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