In the recent petroleum and crude oil weekly report by the Energy Information Administration, petroleum and crude oil stockpiles rose during the previous week. Crude oil prices slightly rose but the Brent premium over WTI declined. On the other hand…
Major commodities prices changed direction and mostly declined throughout yesterday. Crude oil price declined by nearly 1%; natural gas future price also changed direction and plummeted; gold and silver prices also decreased for the third consecutive business day. Finally, the…
The main energy Commodities prices sharply rose yesterday following the improvement in the manufacturing sector in the U.S according to the recent U.S PMI report. On the other hand gold and silver prices slightly decreased. Finally, the Euro edged down…
Yesterday the U.S. Manufacturing ISM report was released; according to the recent report, the U.S. Manufacturing PMI growth rate increased to 54.8% during April 2012. The U.S. Manufacturing PMI is an index that estimates the economic progress of the U.S.…
Commodities market didn’t perform well on the last day of the month as gold and silver prices decreased. Crude oil prices changed direction and edged down on April 30th after they had increased for four consecutive days. On the other…
Crude oil prices showed some signs of recovery as both WTI and Brent oil slightly increased during last week. They are still in their respective range of $102-$105 for WTI and $117-$120 during the past several weeks; the sharp rise…
Despite the high expectations for dramatic turns during last week’s big news items including the FOMC meeting and U.S GDP for Q1 2012, eventually there were little movements in the major forex and commodities markets. As we are entering a…
Crude oil prices rose during last week but only slightly. WTI oil price continues to dwell in the $102-$104 range and Brent oil at the $117-$121 range. The major news last week came from the U.S including: The FOMC didn’t…
Major commodities prices continued their recovery yesterday. Gold and silver prices increased for the second consecutive day. Crude oil prices continued their upward trend for the fourth consecutive day. Natural gas future prices also finished yesterday rising. Finally, the Euro…
The bureau of economic analysis published today its first estimate of the growth rate of the U.S. Gross Domestic Product for the first quarter of 2012. The report showed the U.S GDP rose by 2.2% in Q1 2012. According…