Category: Crude Oil

U.S. Pending Home Sales Rose in January 2012

According to the U.S. pending homes sales report, which was published yesterday, the real estate market has changed direction as pending home sales rose during January 2012; furthermore the January 2012 U.S. pending home sales index was well above the…

Weekly Outlook for 27 February – 2 March

During last week major commodities prices made a comeback and sharply rose during most of the week including gold, silver and crude oil prices. The conclusion (for the time being) of EU-Greece standoff which resulted in EU leaders approving the…

Crude Oil Prices – Weekly Recap 20-24 February

Crude oil prices continued their rally as both Brent oil and WTI oil prices sharply increased during last week. The low oil stockpiles in the U.S. and Europe along with the potential threat of an eruption between Iran and the…

U.S New Homes Sales Declined in January 2012

Today, the U.S. Census Bureau updated on the number of new homes sales in the U.S during January 2012: new homes sales slightly declined again compared with December. According to the recent report, during January 2012 the annual rate of…

Gold and Silver Continued their Rally –Recap February 23

Many commodities prices continued their rally: crude oil prices sharply increased; gold and silver also sharply rose; natural gas future price slipped yesterday. The Euro sharply appreciated against the US Dollar along with other major currencies (Canadian dollar) against the…

Oil Stockpiles Rose by 3.2 M Bbl – February 23

According to this week’s crude oil update produced by Energy Information Administration petroleum, crude oil stockpiles changed direction again and rose during last week by 3.2 million barrels; crude oil prices also increased. The weekly update also report of closure…

Gold and Oil Continued to Trade Up –Recap February 22

Many commodities prices continued yesterday their upward trend but at a slower pace than they have had on Tuesday: crude oil prices moderately increased; gold price also rose, while silver slightly declined; natural gas future price also rose yesterday. The…