Commodity Blog

Archive for June, 2008

Oil leapt to a new record high above $142 a barrel on Friday, extending gains after surging nearly 4 percent in the previous session, as tumbling global stock markets helped to trigger a wider commodities rally.

How will this new leap impact prices at the pumps.

Gold N.Y. Spot $ 0878.70
Silver N.Y. Spot $ 16.61
Lead LME Cash $ 0.8042
Copper LME Cash $ 3.8744
Zinc LME Cash $ 0.8401
Nickel LME Spot $ 09.76
Aluminum LME Spot $ 1.3780
Platinum N.Y. Spot $ 2016.50
Palladium N.Y Spot $ 462.50
Oil WTI Cushing $ 135.60
Natural Gas (Henry Hub)($/MMBtu) $12.96

USD-AUD $ 1.0474
AUD-USD $ 0.9547
CAD-USD $ 0.9866
USD-CAD $ 1.0136
EUR-USD $ 1.5564

Gold N.Y. Spot $ 0881.60
Silver N.Y. Spot $ 16.67
Lead LME Cash $ 0.8255
Copper LME Cash $ 3.8737
Zinc LME Cash $ 0.8609
Nickel LME Spot $ 10.04
Aluminum LME Spot $ 1.3948
Platinum N.Y. Spot $ 2043.50
Palladium N.Y Spot $ 471.50
Oil WTI Cushing $ 136.70
Natural Gas (Henry Hub)($/MMBtu) $12.77

USD-AUD $ 1.0525
AUD-USD $ 0.9501
CAD-USD $ 0.9831
USD-CAD $ 1.0172
EUR-USD $ 1.5484

Gold N.Y. Spot $ 0904.50
Silver N.Y. Spot $ 17.47
Lead LME Cash $ 0.8192
Copper LME Cash $ 3.8034
Zinc LME Cash $ 0.8550
Nickel LME Spot $ 10.25
Aluminum LME Spot $ 1.3762
Platinum N.Y. Spot $ 2064.50
Palladium N.Y Spot $ 477.50
Oil WTI Cushing $ 134.80
Natural Gas (Henry Hub)($/MMBtu) $12.94

USD-AUD $ 1.0539
AUD-USD $ 0.9489
CAD-USD $ 0.9817
USD-CAD $ 1.0186
EUR-USD $ 1.5487

Gold N.Y. Spot $ 0884.90
Silver N.Y. Spot $ 17.20
Lead LME Cash $ 0.8553
Copper LME Cash $ 3.7626
Zinc LME Cash $ 0.8578
Nickel LME Spot $ 10.71
Aluminum LME Spot $ 1.3724
Platinum N.Y. Spot $ 2096.50
Palladium N.Y Spot $ 466.50
Oil WTI Cushing $ 133.70
Natural Gas (Henry Hub)($/MMBtu) $12.86

USD-AUD $ 1.0593
AUD-USD $ 0.9440
CAD-USD $ 0.9805
USD-CAD $ 1.0199
EUR-USD $ 1.5502

Gold N.Y. Spot $ 0883.30
Silver N.Y. Spot $ 17.03
Lead LME Cash $ 0.8169
Copper LME Cash $ 3.7104
Zinc LME Cash $ 0.8351
Nickel LME Spot $ 10.64
Aluminum LME Spot $ 1.3304
Platinum N.Y. Spot $ 2048.50
Palladium N.Y Spot $ 462.00
Oil WTI Cushing $ 138.80
Natural Gas (Henry Hub)($/MMBtu) $12.73

USD-AUD $ 1.0616
AUD-USD $ 0.9420
CAD-USD $ 0.9793
USD-CAD $ 1.0211
EUR-USD $ 1.5501

Gold N.Y. Spot $ 0885.25
Silver N.Y. Spot $ 17.19
Lead LME Cash $ 0.7881
Copper LME Cash $ 3.7422
Zinc LME Cash $ 0.8215
Nickel LME Spot $ 10.66
Aluminum LME Spot $ 1.3200
Platinum N.Y. Spot $ 2035.50
Palladium N.Y Spot $ 452.00
Oil WTI Cushing $ 138.88
Natural Gas (Henry Hub)($/MMBtu) $12.51

USD-AUD $ 1.0650
AUD-USD $ 0.9390
CAD-USD $ 0.9726
USD-CAD $ 1.0282
EUR-USD $ 1.5458

Gold N.Y. Spot $ 0861.30
Silver N.Y. Spot $ 16.32
Lead LME Cash $ 0.8330
Copper LME Cash $ 3.6079
Zinc LME Cash $ 0.8414
Nickel LME Spot $ 10.84
Aluminum LME Spot $ 1.3073
Platinum N.Y. Spot $ 2037.50
Palladium N.Y Spot $ 428.00
Oil WTI Cushing $ 134.00
Natural Gas (Henry Hub)($/MMBtu) $12.50

USD-AUD $ 1.0716
AUD-USD $ 0.9332
CAD-USD $ 0.9829
USD-CAD $ 1.0174
EUR-USD $ 1.5411

Friday’s one-day gain of $10.75 for crude oil was the biggest daily gain in history, and Thursday’s gain was the second biggest. This has pushed gasoline prices up over $4.00 gallon.

Last year at this time crude oil was around $66.00 barrel. Fridays close was a new record and put oil above $139.00 barrel.

What does this mean for Forex traders….how commodity prices affect currencies.

Gold N.Y. Spot $ 0881.50
Silver N.Y. Spot $ 16.63
Lead LME Cash $ 0.9081
Copper LME Cash $ 3.6310
Zinc LME Cash $ 0.8834
Nickel LME Spot $ 09.96
Aluminum LME Spot $ 1.2964
Platinum N.Y. Spot $ 1993.50
Palladium N.Y Spot $ 430.50
Oil WTI Cushing $ 123.80
Natural Gas (Henry Hub)($/MMBtu) $12.26

USD-AUD $ 1.0400
AUD-USD $ 0.9615
CAD-USD $ 0.9949
USD-CAD $ 1.0051
EUR-USD $ 1.5445