According to the latest May report by the Organization of the Petroleum Exporting Countries regarding the recent developments in the oil market, the OPEC oil production slightly increased again during April compared with March’s oil production levels. This rise was…
In this week’s petroleum and crude oil report by the Energy Information Administration, it was reported that petroleum and crude oil stockpiles slightly rose during the previous week. There was also a rise in imports, production and refinery inputs. On…
Gold and silver prices tumbled down yesterday by nearly 2% for each metal. This tumble may have been related to the rise in the anxiety levels in the Markets regarding the recent political developments in Greece and France. Other commodities…
Following the results of the French and Greek elections that were held over the weekend the markets started off the week on a negative note: Gold and silver prices decreased after they had both rose on Friday. Crude oil prices…
During the weekend the French second stage of the elections will be held. The Greek parliamentary elections will also take place. The results may affect the future policy steps of these countries respective governments and consequently it may also affect the…
Crude oil prices sharply declined on Friday following the U.S labor report. Will this downward trend continue? The Brent premium over WTI slightly declined to $13 -$15 range. During the upcoming week there are several important reports and events that…
Crude oil prices continued their slow paced movement during most of the week until Friday, when the U.S employment report was released and didn’t reach expectations. This news was plausibly the main event that dragged oil prices by almost 4%…
Following the news of the U.S. non-farm employment that didn’t present big numbers with only an 115,000 increase in employment, major commodities prices and U.S stock markets indexes plummeted. Crude oil prices sharply fell by almost 4%; natural gas future…
The U.S. labor force didn’t reach expectations and only slightly expanded during April: according to the recent U.S. employment report, which was published today, May 4th by the Bureau of Labor Statistics the number of non-farm employees rose by only…
Major commodities prices didn’t do well again and crude oil prices tumbled down during yesterdays trading. Natural gas future price bounced back and rose. Gold and silver prices also declined for the fourth consecutive business day. Finally, the Euro slipped…