In this week’s Energy Information Administration petroleum report there is an analysis on the recent developments from Libya and the comeback this country made vis-à-vis its oil production capability. Here is a weekly review for the week ends on December…
Major commodities were traded yesterday with a mixed trend: Gold price bounced back and rose while silver price changed direction and slightly declined; crude oil prices also shifted from green to red as they have declined yesterday as well; natural…
As expected the European Central Bank lower again its basic interest rate by 0.25 percent points from 1.25% to 1.00%. This announcement clearly shows a paradigm shift in ECB’s way of thinking as the ECB seems more concerned and involved…
Major energy commodities prices continued to gain yesterday: WTI and Brent oil prices inclined. Natural gas prices (Henry Hub) also rose. Gold price slightly declined while silver price increased. Major currencies such as Euro slightly appreciated against the US dollar.…
Major commodities prices didn’t do much yesterday and started off the second week of December with mixed trend: Gold price and silver price slipped. WTI oil price nearly didn’t change, while Brent oil price declined. Natural gas spot price (Henry…
Yesterday, the U.S. non-manufacturing ISM report was published and the U.S. non-manufacturing PMI reached 52% in November. The U.S. non-manufacturing PMI, which is an index that estimates the economic activity in the U.S. non-manufacturing sector, grew for the 24th consecutive…
Crude oil prices finished the week on a positive note along with the rest of the markets such as the American stock markets. The positive reports that were in published in the U.S. during last week including the U.S. labor…
The upcoming week, which is also the second week of December, brings many news items and events that may affect forex and commodities markets including: U.S. trade balance report, ECB rate decision, EU summit, Australia’s GDP for the third quarter,…
Crude oil prices started off the month on a positive note as it rose during the first week of December. The recent development in the Middle East including the sanctions on Iran helped keep oil prices high. Furthermore, the recent…
The U.S. labor report was published yesterday and showed good numbers as the non-farm employment grew by 120k in November. This may have been among the factor to help rally some of the commodities prices: Gold price slightly increased while silver…