Category: Crude Oil

U.S GDP Q3 2011 was Revised Down to 1.8%

The bureau of economic analysis published today its third and final estimate of the growth rate of the U.S. GDP in the third quarter of 2011: According to the report, the growth rate of the real U.S GDP 2011 in…

U.S Existing Home Sales Increased in November 2011

The U.S existing homes sales rate continue to rally and slightly rose in November 2011 by 4%; this news coincides with the recent sharp gains in the housing starts, which was announced yesterday. According to the recent report of the…

Gold and Silver Bounded Back on Tuesday –Recap December 20

Major commodities prices changed direction and rallied yesterday: Gold and silver prices sharply inclined; Crude oil prices also sharply rose; even natural gas (Henry Hub) prices changed direction and rallied yesterday. Major currencies such as the Euro and Australian dollar…

U.S Housing Starts Sharply increased by 9.3% in November

According to this month’s U.S. Census Bureau report of the new residential construction statistics for November 2011 there was a sharp gain in building permits and housing starts. Privately owned Housing starts sharply increased in November 2011 as the seasonally adjusted…

Crude Oil Prices – Weekly Outlook December 19-23

Crude oil prices sharply declined during last week after oil prices had moderately inclined during November and October.  The recent FOMC meeting stirred up the commodities markets and may have been among the factors to push down crude oil prices,…

Weekly Outlook for 19-23 December

Following the sharp drops in the major commodities prices recorded during last week, the week before Christmas may also bring sharp shifts and turns    as there are many items, meetings and events on the financial and political agenda that may…