In this week’s Energy Information Administration petroleum report there is an analysis of the horizontal drilling technique that is used not only for drilling natural gas but also crude oil. Here is a weekly review for the week ends on…
Major commodities prices rallied yesterday after they had declined on Monday: gold and silver prices moderately inclined; crude oil prices also changed direction and rose; natural gas prices on the other hand continue to decline. Many currencies including Euro, CAD…
In the recent report of the Bureau of Labor Statistics, the U.S inflation for October 2011 slipped by 0.1% and in annual terms it rose by 3.5%. The consumer price index without food and energy also rose by 0.1% during…
The Euro Area GDP grew by a low rate of 0.2% during the third quarter of 2011; this slow paced growth is mainly due to the continuing low growth rate of Germany’s that grew by 0.5% during the third quarter…
Major commodities prices changed direction and started the week with moderate falls; many currencies including Euro, CAD and AUD depreciated against the US dollar; gold and silver prices moderately declined; crude oil prices also changed direction and slipped; natural gas…
The producer price index was published today. It showed a moderate decrease in the PPI for finished goods in October compared to September – a decrease of 0.3%. This report also serves as an indicator for the upcoming U.S core…
Retails and foods services sales slightly inclined in October compared to September 2011, and were 0.5% above the sales at October 2010. The U.S. Department of Commerce issued its monthly report on the change in the U.S. retail and food…
Crude oil prices rallies during most of last week and may also continue their upward trend in the upcoming week depending on the development in Europe and U.S. Currently crude oil prices are traded slightly down. The recent news from…
Crude oil prices continued with their upward trend especially WTI oil prices during last week; the premium of Brent oil over WTI oil price also continued to contract. The rapid changes in Europe including the recent changes in Italy and…
The financial community’s interest continued to revolve around the news that came pouring in from Europe during last week including the political changes in Italy and Greece that stir up the forex, stocks and commodities markets throughout the week. The…