Following the rise in the U.S consumer confidence index during February, this index changed direction and decreased in March. According to the recent U.S. consumer confidence survey, the consumer confidence index declined in March compared with February’s index: The index…
Category: Crude Oil
Gold and Silver Edged Down on Tuesday –Recap March 27th
Gold and silver prices didn’t do much on Tuesday after they had sharply increased on Monday. They have finished yesterday’s trading in the red. Crude oil prices moved in different directions as Brent oil slipped while WTI oil price edged…
Oil Stockpiles Sharply Increased by 6.3 M Bbl – March 28
According to the recent petroleum and crude oil weekly update of the Energy Information Administration petroleum, crude oil stockpiles sharply rose by 6.3 million barrels. Crude oil prices also didn’t move much last week and edged up. In this week’s…
Gold and Silver Sharply Rose on Monday –Recap March 26th
Gold and silver prices started off the week the same way they have ended last week – rising. The recent speech of Bernanke may have been among the factors to drive bullion prices up. Crude oil prices also trade up…
U.S. Pending Home Sales Edged Down in February 2012
According to the recent U.S. pending homes sales report, which was published today, the real estate market has changed direction as pending home sales edged down during February 2012; alternatively the February 2012 U.S. pending home sales index was still…
Crude Oil Prices – Weekly Outlook March 26-30
Crude oil prices are still high but didn’t do much during March. Furthermore, during last week Brent oil edged down 0.43% and WTI by 0.55%. The premium of Brent oil over WTI remained high in the $17 to $19 range.…
Crude Oil Prices – Weekly Recap 19-23 March 2012
Crude oil prices continue to shift with an unclear trend as many oil traders wait on the sidelined to see how the Iranian tension with the West will break down and will there be a supply shortage of crude oil.…
Weekly Outlook for 26-30 March 2012
This week there are many important events, decisions and publications that may affect forex and commodities markets. Among the reports and new items to be published are: U.S. pending home sales report, GB current account, U.S. final GDP, GB final…
Gold Oil and Silver Sharply Rose on Friday –Recap March 23rd
Gold and silver prices ended the week the same way they have started this undetermined week – rising. During the entire week they have shifted from gains to losses without showing a clear trend. to shift from gains to losses…
Gold Oil and Silver Declined on Thursday –Recap March 22nd
Gold and silver prices continue to shift from gains to losses and moving with an unclear trend; after they had increased on Wednesday, they have declined yesterday. Crude oil prices also declined; natural gas future sharply fell yesterday. The Euro…