In this week’s Energy Information Administration petroleum report crude oil stockpiles decreased last week by 2 million barrels; crude oil prices changed direction and fell. Here is a weekly review for the week ends on January 13th of the U.S.…
Today, the first survey of 2012 for the Philly Fed Manufacturing Index regarding January was published: this survey suggests the U.S. manufacturing conditions continued to expand and at a slightly faster pace in January; the January Philly Fed index increased from…
According to this month’s U.S. Census Bureau report regarding the new residential construction statistics for December 2011 there was a slight decrease in building permits and housing starts. Privately owned Housing starts decreased in December 2011: the seasonally adjusted annual rate reached…
According to the recent report of the Bureau of Labor Statistics, the U.S inflation for December 2011 remained unchanged and in annual terms the US inflation increased by 3.0%. The consumer price index without food and energy slightly rose by…
Gold and silver prices slightly increased during yesterday’s trading, even though other commodities such as oil changed direction and declined; natural gas prices continued their downward trend and declined on Wednesday; the Euro and other currencies such as AUD rallied…
According to the recent producer price index report, which was published yesterday, the PPI for finished goods slightly decreased by 0.1% December compared to November. This report serves as an indicator for the direction of the U.S core CPI to be…
Today, the IEA – International Energy Agency published its monthly report on the global crude oil market as of December 2011. According to the report, during December, OPEC’s oil production rose to 30.89 million bbl/d compared with November’s average oil…
Gold and silver continued their upward trend and rallied from Friday’s falls by sharply rising on Tuesday’s trading. Despite S&P’s downgrade of France and eight other EU countries’ credit rating the Euro and other currencies appreciated against the U.S. dollar…
According to the January report prepared by the Organization of the Petroleum Exporting Countries regarding the oil market for December, the OPEC oil production slightly rose during December compared with November’s 2011 oil production levels. This gain was mostly to…
Crude oil prices didn’t do much during last week after they had sharply rose in the first week of the year. From the supply side, there are still growing concerns of the rising tension between Iran and the West but…