Category: Crude Oil

Philly Fed Index Grows Slightly Slower in April

Today, the fourth survey of 2012 for the Philly Fed Manufacturing Index for April was released: this survey estimates the U.S. manufacturing conditions continue to grow but at a slightly slower pace in April than in March; the Philly Fed…

Gold Silver and Oil Prices Declined –Recap April 18th

Major commodities continued to change direction with an unclear path at sight. Gold and silver price declined during yesterday’s trading. Crude oil prices also decreased. Natural gas prices changed direction again and tumbled yesterday. Finally, the Euro continued to zigzag;…

Oil Stockpiles Decreased by 2.2 M Bbl – April 19

In the recent petroleum and oil weekly update by the Energy Information Administration, petroleum and crude oil stockpiles declined for the second consecutive week, last week by 2.2 million barrels. Crude oil prices also declined during last week and they…

U.S Housing Starts Declined by 5.8% in March 2012

According to the recent monthly U.S. Census Bureau report regarding the new residential construction statistics for March 2012 there was a decrease in housing starts but a slight increase in building permits. Privately owned Housing starts decreased in March 2012:…

Crude Oil Prices – Weekly Outlook April 16-20

Crude oil prices continue to dwindle with an unclear trend but at least the premium of the Brent oil over WTI slipped during recent weeks. Furthermore, during last week Brent oil edged down 1.27% and WTI by 0.46%. The tensions…