The sharper decline in silver compared with gold during most of June was demonstrated in the rise of the ratio of gold to silver during June;  the chart below shows that there was an upward trend in the gold to silver ratio during most of June as gold outperformed silver. 

When breaking the month of June into two parts, one can see that during the first half of June silver fell very sharply by 5.7%, while gold declined by only 0.9%; at the second half of the month, the tables have turned and gold fell by a higher rate of 1.8% (than in the first half of June), while silver declined by only 2%.

 All these concerns will continue to affect the oil prices and will determined the future changes in crude oil prices.

 Let review the changes during last week (June 13^th to 17^th) of crude oil prices (Brent oil and WTI), and present a summary of the recent EIA petroleum report:

 Oil prices – highlights

WTI oil declined during last week by 4.31%; its weekly average price also decreased by 4.18% as it reached $95.87 per barrel, compared with last week's $100.05 /b. The average daily percent change of oil price (WTI) was -1.27%.

 NYMEX Futures Price (July delivery) also dropped by 4.41% during the week, and reached $93.01/b on Friday, June 17^th.

 Brent price also shed 5.81% from beginning to end, and its average price decreased by 1.13% compared with previous week's average.

 The difference between the Brent and WTI prices rose sharply and averaged at $20.52 as it finished the week at $20.48.

 These findings suggest that despite the drop in oil prices, there might be a tighter oil market in Europe than in U.S. which could interpret the widening of the gap between Brent and WTI.

 for the rest of the review see here: 
Oil fell sharply during week - Weekly recap 13-17 June
 

Here is a short review of the changes in gold and silver prices during the week of June 13^th to 17^th 2011:   

 Precious Metals Prices weekly summary:  

Gold increased by 1.55% during the week; gold's average price during the week was $1,527 /t. oz which is 0.86% below the previous week's average price of $1,540 /t. oz.

Silver also inclined by 2.91% from beginning to end, and this week's average price was $35.37/t oz or 3.98% below the previous week's average $36.84/t oz.

During the week, the average daily percent change of gold rose by   0.13%; silver declined on a daily scale by an average of 0.30%.

 In the chart below are the silver and gold that were normalized to 100 to the price at the beginning of the week – June 13^th. It presents the trend of these precious metals prices.

The chart presents gold and silver inclined during the week as they demonstrated an upward trend.

The last chart is of the daily percent changes of silver and gold during last week (i.e. the changes around the trend). The chart shows that silver started off with sharp falls at the beginning of the week; gold also fell on Monday, but afterwards both precious metals inclined during the rest of the week.

For further reading:

Gold and silver prices outlook for June 2011

Here is a recap on oil prices, and the highlights in the recent EIA oil report for the week ending on March 25^th :

 Oil prices – highlights

The weekly average of WTI oil price rose by 4.6% to reach 104.43$/b compared to last week's average price of 99.78$/b. On average, the WTI daily change was 0.77%, and its price inclined by 2.58% from beginning to end.

 NYMEX Futures Price (April delivery) also rose by 3% from beginning to end of the week and settled on 104.62 $/ on Friday.

These figures show that WTI (spot and future) prices were at a higher price level than previous week, mainly because they have started off the week strong.

 Europe Brent price also inclined by 0.79% from beginning to end of the week , and its weekly average price rose by 2.43% compared to previous week's average price.

The gap between the Brent and WTI spot was on Friday 10.83$/b.

The following charts show the daily changes of WTI spot, NYMEX Futures (April delivery) and Brent spot prices:

The graph below shows that WTI and Brent prices rose very moderately during the week.

The final chart shows the daily percent change of oil prices during last week:

 The graph above shows how Brent oil and WTI prices started off the week strong and finished with very moderate changes.

Oil Stocks –highlights:

In my recent review on last week's EIA report, oil stocks have moderately declined for the sixth straight week by 0.1%, which is  a decrease of 0.9 million barrels. The oil stocks reached 1,765 million barrels – the lowest level since March 2010.

The average US productions (million of barrels a day) for the week of March 18^th was 5.586 (on a four week average), which was 0.2% below last week's average production level, but was 1.0% above the average production at the same time last year;

 In total, there was a decline in petroleum stocks and US production, and a rise in imports and refineries inputs.

 For the complete petroleum stocks, consumption and production review see here. 

The third week of February starts off with moderate rises and falls in the energy market, and rises in precious metals. Crude oil price (WTI) continued to fall, while Brent oil bounced back from last week’s slow down.

Let’s quickly review the changes in major energy commodities market and precious metals for February 14^th:

Oil and Gas prices:

For the rest of the post on crude oil price analysis - see here on Trading Energy