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