Crude oil prices sharply declined during last week following many commodities traders’ disappointment from the FOMC meeting for not issuing another stimulus plan that may have pushed up the price of commodities. The recent OPEC meeting ran smoothly as the…
Major commodities prices ended the week on a slightly positive note as many commodities prices mainly precious metals prices rallied from the sharp falls recorded a couple of days earlier: Gold and silver prices slightly inclined; Brent oil price moderately…
According to the recent report of the Bureau of Labor Statistics, the U.S inflation for November 2011 remained unchanged and in annual terms the US inflation rose by 3.4%. The consumer price index without food and energy rose by 0.2%…
Many major commodities prices continued to decline yesterday following the sharp falls they had experienced on Wednesday: Gold price moderately declined while silver price slightly rose; crude oil prices decreased again; natural gas spot prices (Henry Hub) also declined. Major…
Today, the last survey of the year for the Philly Fed Manufacturing Index for December was published: this survey showed the U.S. manufacturing conditions continue to expand and at a slightly faster pace in December; the December Philly Fed index…
Major commodities prices took a dive yesterday and declined by the sharpest rate in recent months; some speculate that the trigger for this turn of events may have been the announcement in the recent FOMC meeting of no new stimulus…
In this week’s Energy Information Administration petroleum report there is an examination of the deepwater developments in the Gulf of Mexico. Here is a weekly review for the week ends on December 9th of the U.S. oil and petroleum market:…
Following the recent FOMC meeting in which there was no news of another stimulus plan many currencies sharply declined against the US dollar; major commodities were traded with mixed trends: Gold price slightly declined while silver price moderately rose; crude…
In today’s OPEC meeting the OPEC ministers reached an agreement on the future crude oil production in 2012, as oppose to the last OPEC meeting back in June 8th, in which OPEC members couldn’t reach a consensus on OPEC’s oil…
Retails and foods services sales slightly increased in November compared with October 2011’s sales, and were also above the sales at November 2010. The U.S. Department of Commerce issued its monthly report on the change in the U.S. retail and…