Energy Commodities Continued Their Rally –Daily Recap October 11

The financial market didnt do much yesterday after it had recorded sharp gains
on Monday: Major energy commodities increased yesterday, while precious metals
prices recorded a mixed trend with gold price slightly slipping and silver price
slightly rising. Here is a summary of the price movements of precious metals and
energy commodities for October 11th: Oil and Gas prices: WTI oil price slightly
increased yesterday by 0.47% to $85.81 per barrel; Brent oil price also
increased by 0.66% to $109.35 per barrel; Due these gains, the difference
between Brent and WTI slightly rose to $23.54/bbl. During October, WTI oil price
rose by 4.8%, and Brent oil price increased by 3.7%. Natural gas Henry Hub
future price (November delivery) sharply inclined again by 2.26% to $3.62/mmbtu.
The Henry Hub spot price gained back 3.53% to its value and settled at
$3.52/mmbtu; the gap between the spot and future price slipped to $0.10/mmbtu,
i.e. contango. Precious Metals prices: Gold price slightly declined yesterday by
0.59% to $1,661; Silver price, on the other hand nearly didnt change and added
only 0.06% to its value to $32.00. During October, gold price inclined by 2.4%
and silver price increased by 6.4%.