crude oil forecast and outlook
Most leading commodities took a nose dive last week, while USD rallied against leading currencies. This week, BOJ, BOE, RBA and ECB will have a rate decision meeting, in the U.S several economic reports will come out including non-manufacturing PMI,…
This week, several U.S economic reports will be published including non-farm payroll, manufacturing PMI, GDP Q2 first estimate, pending home sales, and jobless claims. The FOMC will convene again for the fifth time this year to decide of any changes…
This time it wasn’t the Middle East to pull up oil prices – but close by: The recent news regarding the firing down of the Malaysian plane above Ukraine triggered President Obama to step in and impose additional restrictions on Russia.…
Oil prices recovered last week on account of the rise in tension between the U.S and Russia. Moreover, this news provided some backwind for gold and silver but it wasn’t enough to offset the huge selloffs in precious metals market…
The oil market cooled down again during the previous week as the WTI and Brent dropped by 3.1% and 3.9%, respectively. As a result, the premium of Brent oil over WTI narrowed again; the premium ranged between $6.71 and $5.83.…
The prices of oil and natural gas took a noise dive last week, while precious metals rallied mainly by the end of the week. On this week’s agenda: Yellen testifies, Philly Fed index, U.S PPI, China’s GDP for the second…
Oil prices came down again during the past week as the turmoil in Iraq seems to have little impact on the oil market. Last week, the WTI and Brent fell by 1.6% and 2%, respectively. The difference of Brent oil…
The oil market cooled down for the first time in the past several weeks as WTI and Brent declined by 1.4% and 1.3%, respectively. The difference of Brent oil over WTI remained steady last week; the premium ranged between $7.37…
The energy commodities markets cooled down during last week as oil and natural gas prices changed course and fell. Precious metals remained virtually unchanged. This week, in the U.S several economic reports will be published including non-farm payroll, manufacturing and…
Last week’s FOMC meeting concluded with more dovish tone than many had expected. This news may have contributed to the recovery of precious metals and slightly rally of the USD. This week, several key reports will be released that could…