Oil natural gas and gold finished the day with gains –June 9

Natural gas and crude oil prices continued their rally yesterday; gold and silver prices also followed with small gains.

Here is a summary of the price movement in energy commodities and precious metals for June 9th:

Oil and Gas prices:

WTI Spot oil price rose for the third straight day, yesterday it inclined by 1.18%% and reached $101.93 per barrel; during June the WTI spot oil price fell by 0.7%.

Brent spot price also inclined yesterday by 1.64% and reached $119.35 per barrel.

As a result, the difference between Brent and WTI rose to $17.42.

Natural gas price (Henry Hub spot) increased to $4.92 per mmbtu. The Henry Hub future price (July delivery) shed 3.71% of its value to $4.67 per mmbtu; as a result the gap between the spot and future price dropped to -$0.25, i.e. backwardation. During June, natural gas spot price (Henry Hub) inclined by 6.3%.

Precious Metals prices:

Gold price bounced back and rose yesterday by 0.26% o as it finished the day at $1,542. Silver price also followed and rose by 2.2% and reached $37.42.

During June, gold prices increased by 0.4% and silver price fell by 2.3%.

The EURO/ USD declined for the second straight day; yesterday it fell by 0.50%, as the USD appreciated against the EURO. During June the EURO/USD gained 0.8% 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 9


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