Today, the U.S. Census Bureau published its monthly report on U.S. durable goods manufactures’ shipments, inventories and orders for August 2011 – the report showed a slight decrease in orders of durable goods but an increase in capital goods compared…
Category: Crude Oil
Gold and Silver Prices Changed Direction and Inclined –September 27
Gold and silver prices changed direction and made a comeback from the last few days’ sharp declines. It seems that the corrections related to the CME margin hike on gold and silver contracts was completed; crude oil prices continued to…
U.S. Oil Stockpiles Inclined by 1.1 Million Bbl – September 28
In the recent Energy Information Administration petroleum report there is an overview of the recent development in the oil supply coming from West Africa. This region is a very important source of oil supply for the U.S. and accounts for…
U.S. Consumer Confidence Remained Low in September
Following the sharp fall in the US consumer confidence index during August, this index remained low in September and nearly didn’t change. According to the recent U.S. consumer confidence survey, the consumer confidence index remained low in September and nearly…
Gold and Silver Kept Falling | Oil Slightly Inclined –September 26
Gold and silver prices continued their downward trend they have started during the second part of last week. Yesterday, however they have declined by a moderate rate. Crude oil prices bounced back form the falls of last week and slightly…
Oil Prices – Daily Outlook September 27
Crude oil prices bounced back after they had declined in the previous three business days. Currently, crude oil prices (WTI) are traded sharply up following the gains in the US stock markets. Today, the U.S. consumer confidence report will be…
U.S. New Home Sales Dropped Again in August 2011
Yesterday, the U.S. Census Bureau reported on US new homes sales for August 2011 and it showed another drop in number of homes sold compared with July’s numbers. According to the report, in August 2011 the annual rate of number…
Oil Prices – Daily Outlook September 26
Crude oil prices declined in the past three business day, but currently they are traded down. The speculation around the European debt crisis and the slowdown in Asia and US may continue to affect traders to keep crude oil prices…
Weekly Outlook for September 26-30
Following the turbulence in the financial markets during the second part of last week with the FOMC stimulus plan and the CME decision to raise margins on gold and silver contracts, this week the financial markets will continue to dwell…
Crude Oil Prices – Weekly Recap 19-23 September
The crude oil market had very turbulent times with sharp falls during most of last week especially on September 22nd when WTI spot oil price shed 6.4% of its value. This was the sharpest drop in a single day for…