Today, the IEA – International Energy Agency published its monthly report on the global crude oil market as of September 2011. During September, OPEC’s oil production slipped by to 30.15 million bbl/d compared with August’s average oil production; this was…
Crude oil prices continued yesterday their slow recovery from September’s sharp falls; currently crude oil prices are traded up. Today, the IEDA monthly report will be out, the minutes of the recent FOMC meeting, EIA Report on Oil Stockpiles, Australia’s…
The financial market didn’t do much yesterday after it had recorded sharp gains on Monday: Major energy commodities increased yesterday, while precious metals’ prices recorded a mixed trend with gold price slightly slipping and silver price slightly rising. Here is…
In the recent Organization of the Petroleum Exporting Countries report the OPEC oil production slightly declined during September compared to August 2011. OPEC’s crude oil production slightly slipped by 77 thousand bbl/d during September as it reached 29,896 thousand bbl/d…
Major commodities prices rallied yesterday along with sharp gains in the U.S. stock markets and the depreciation of the US dollar against major currencies: gold and silver prices sharply augmented; crude oil prices also followed and increased; natural gas spot price…
Crude oil prices sharply inclined yesterday, and currently they are traded slightly up. Today, Jean Claude Trichet will give a speech, the OPEC monthly report was published and the Canadian Housing Starts report will be published. Here’s an outlook and…
Crude oil prices continue to zigzag on Friday as they did throughout October; currently the major energy commodities are traded up. The recent news from Canada and U.S. about the encouraging employment reports may contribute to the light optimism in…
The second week of October is upon us and here are the main events and reports for the upcoming week include: ECB rate decision, Ben Bernanke’s testimony, OPEC monthly report, G20 meeting, FOMC meeting minutes, Australia’s unemployment rate and U.S.’s…
The crude oil market started to recover from the sharp falls crude oil prices had endured during September and slightly inclined during the first week of October. By the end of the week, Brent oil price added 2.18% to its…
Gold and silver prices changed direction again and closed the week falling following the U.S. labor report was published and showed an improvement in employment during September. Crude oil prices had a mixed trend with Brent oil slightly falling and…