Gold and silver prices started the first week of 2012 with very sharp gains that were recorded in other commodities prices such as crude oil prices. The rest of the financial markets also recorded sharp gains including the U.S. stock…
Crude oil prices had many twists and turns during 2011 but in the end, crude oil prices finished the year moderately above their initial price level from the beginning of the year: WTI oil price increased by 7.9% and Brent oil…
Today the U.S. Manufacturing ISM report was published and the U.S. Manufacturing PMI growth rate rose again to 53.9% during December. The U.S. Manufacturing PMI – an index that presents the economic activity in the U.S. manufacturing sector, rose for…
Crude oil prices slightly declined during the last week of 2011, but this week we are entering a new year and the direction of crude oil prices may change. For the first week of 2012, let’s examine what is up…
The first week of 2012, much like the last week of 2011, will be a short one due to the New Years holiday on Monday, but there will be many news items on the agenda that may stir up the…
Crude oil prices ended the year with light changes during the last week of 2011. By the end of the week, WTI oil price slipped by 0.8% and Brent price by 1.53%; as a result, the difference between Brent oil…
Gold and silver prices rallied from the sharp falls they had recorded during most of the week and rose on the last business day of 2011. Crude oil prices on the other hand changed direction and declined. Major currencies such…
Crude oil prices recovered from the sharp decline they had experienced on Wednesday and slightly rose yesterday. Gold price continued to decline while silver price moderately rose. Major currencies such as Euro and AUD changed direction and slightly appreciated against…
Here is a weekly review for the week ends on December 23rd of the U.S. oil and petroleum market: Crude oil Stockpiles U.S. petroleum and crude oil stockpiles changed direction again and increased during last week by 3.1 million barrels, or by 0.18%.…
According to the last U.S. pending homes sales report the market continues to rally as there was another increase in pending home sales during November 2011; the November 2011 U.S. pending home sales index was also well above the November…