Following the sharp falls on Tuesday that were partly driven by the news from Greece that there will be a Referendum in the EU debt reduction plan, major commodities made a comeback yesterday: gold and silver prices were traded sharply…
As expected the European Central Bank lower its basic interest rate by 0.25 percent points from 1.5% to 1.25%. Mario Draghi, President of ECB, in his first rate decision press conference followed through with the expectations of the market and…
In the recent Energy Information Administration petroleum report there is an analysis of the heating oil market in preparation for the winter. Here is a weekly review for the week ends on October 28th of the U.S. oil and petroleum…
Following last week’s EU agreement on a reduction on the Greek debt, it seems that the crisis isn’t averted just yet: the Prime Minister of Greece Papandreou has put the European Union’s debt plan to a public vote by the…
November started off with losses for major commodities: gold and silver prices started trading with sharp falls that turned by the end of the day to just light falls for gold price; crude oil prices also slightly declined. Natural gas…
Today the U.S. Manufacturing ISM report was published and the U.S. Manufacturing PMI reached 50.8% during October. The U.S. Manufacturing PMI, which is an index that shows the economic activity in the U.S. manufacturing sector, grew for the 27th consecutive…
The month of October ended with sharp falls for gold and silver prices; crude oil prices also slipped. On the other hand natural gas prices ended the month with light gains. Here is a summary of the price movements of…
Crude oil prices recorded sharp gains in recent weeks and October as a whole will be one of the best performing months of 2011 for crude oil prices. The U.S. GDP rate reached a bigger than expected rate of 2.5%…
The last week of October was very turbulent in the financial markets as the EU summits came to a conclusion on Wednesday with an agreement on the EU debt crisis and the U.S GDP news also helped the prices of…
The crude oil market had a very volatile week as did most other commodities: the news of the EU summit agreement on debt resolution shock the financial markets and the report of the U.S. GDP growth rate may have also…