crude oil forecast and outlook
Despite the high volatility in the commodities markets, gold and silver didn’t do much on a weekly scale as both precious metals rallied; on the other hand, oil and natural gas changed direction and fell during last week. The highly…
Oil prices (WTI and Brent) tumbled down again during last week: WTI fell by 3.27%; Brent oil, by 3.16%. As a result, the spread of Brent oil over WTI remained nearly unchanged: The premium ranged between $2.53 and $5.73. Based…
Oil prices (WTI and Brent) changed direction and declined last week: WTI decreased by 2.10%; Brent oil, by 2.88%. As a result, the spread of Brent oil over WTI shrank again: The premium ranged between $3.86 and $4.57. The sharp…
Leading commodities prices have changed direction and tumbled down during last week: Oil, gold and silver plummeted last week after they had rallied during most of August. The highly anticipated FOMC meeting will take place this week and could stir…
Oil prices (WTI and Brent) rose again last week: WTI increased by 2.68%; Brent oil, by 1.85%. As a result, the spread of Brent oil over WTI contracted: The premium ranged between $5.59 and $7.68. The drop in Libya’s oil…
Several commodities continued their general upward trend: Last week, leading commodities including oil and silver rose again. Conversely, some other commodities such as gold and natural gas changed direction and fell. In the forex market, leading currencies including Aussie dollar…
Oil prices (WTI and Brent) bounced back last week: WTI rose by 1.16%; Brent oil rallied by 2.67%. As a result, the spread of Brent oil over WTI expanded again; the premium ranged between $4.81 and $6.36. The drop in…
Last week, leading commodities prices mostly increased, while the USD mostly depreciated against leading currencies. The slow movement in the forex and commodities markets might pick up as we are exiting the summer slowdown. In the upcoming week several reports…
Major commodities including gold, silver and natural gas rallied again during last week. Equities markets also made a bit of comeback as major indexes including the S&P500 rose. Â In the forex market, however, there was a mixed trend as the…
Oil prices (WTI and Brent) didn’t do much last week: WTI inched down by 0.12%; Brent oil fell by 0.97%. As a result, the premium of Brent oil over WTI slightly expanded again; the premium ranged between $2.80 and $5.96.…