The financial community seems to have calmed down in regards to the situation in Europe in particular vis-à-vis Greece and Italy; major commodities prices continued to rally and sharply rose on the last day of the week along with rally…
With all the news items pouring in from Europe regarding the political changes in Greece and Italy, the financial markets were unstable and shifted directions throughout the day; by the end of the business day: gold and silver prices decline,…
Following the news from Italy that Silvio Berlusconi will step down from the position of Prime Minster the stability of Italy’s financials became unstable with sharp rises to Italy’s long term yields; ECB’s announcement to purchase Italian bonds helped stable the markets…
The Federal Budget deficit rose again last month by a higher pace than in September: according to the last publication of the Monthly Treasury Statement, the U.S government deficit rose in October 2011 by $98.4 billion; this is an increase…
Today, the IEA – International Energy Agency published its monthly report on the global crude oil market as of October 2011. During October, OPEC’s oil production slightly rose to 30.01 million bbl/d compared with September’s average oil production; this was…
Major commodities prices shifted direction and after they had risen on Tuesday, they declined on Wednesday: gold and silver prices declined by a moderate rate, crude oil prices also moderately declined. Natural gas spot prices on the other hand kept…
In the recent Energy Information Administration petroleum report there is an outlook for the near future of the oil market with an analysis of the main factors that could affect the changes in crude oil prices in the rest of…
Major commodities prices sharply inclined yesterday and thus continued the positive upward trend precious metals and most energy commodities enjoyed in recent days: gold and silver prices rose by a moderate rate, crude oil prices also slightly inclined. Natural gas…
China’s inflation rate sharply plummeted in October and reached an annual inflation rate of 5.5% – the lowest level since May 2011 and sharpest single month drop since 2009. In addition there was a slowdown in the growth of industrial…
In the recent Organization of the Petroleum Exporting Countries report the OPEC oil production remained nearly unchanged during October compared with September 2011’s oil production levels. OPEC’s crude oil production reached 29,888 thousand bbl/d in October compared with 29,882 thousand…