Following the dramatic downgrade of US’s credit rating at the beginning of August, now Italy’s turn came up: Standard and Poor’s, one of the most important rating agency worldwide, announced yesterday, September 19th, that it downgraded Italy’s credit rating from…
Category: Crude Oil
Gold and Silver Prices Started The Week Sharply Falling – September 19
Gold and silver prices changed direction again and ended yesterday sharply decreasing; crude oil prices continued last week’s trend and declined as well; natural gas spot price (Henry Hub) also declined yesterday. Here is a summary of the price movements…
Oil Prices – Daily Outlook September 20
Crude oil prices started the week with sharp falls. The appreciation of USD against major currencies such as Euro, AUD and CAD might be among the factors that affected oil prices to trade down in recent days. Today, the Euro…
Oil Prices – Daily Outlook September 19
Crude oil prices ended the week falling, resulting in WTI oil price losing only 0.96% of it value during September (up to date) and Brent oil shed 1.8% of its value. The recent appreciation of USD on Friday may have…
Weekly Outlook for September 19-23
This upcoming week brings many news items that could affect the commodities market including crude oil, gold and silver. The main events will be the FOMC meeting on Wednesday and the IMF meeting to be held over the weekend. Additional…
Gold and silver prices ended the week rising– September 16
Gold and silver prices made a correction to the sharp falls they have endured in the past several days as they finished the week with sharp gains; crude oil prices ended the week falling; natural gas spot price (Henry Hub)…
Oil prices – Weekly Recap 12-16 September
Crude oil prices changed directions throughout the week, but by the end of the week, much like gold and silver prices, they haven’t change much compared with crude oil prices at the end of last week. The sharp gains in…
Recommended posts for the weekend – September 17
The week has ended with many shifts and turns not only in the commodities markets, but also in the forex markets as well. The decision of ECB along with the Federal Reserve to offer loans to struggling European banks in…
Gold and silver prices sharply fell yesterday– September 15
Gold and silver prices sharply fell yesterday; the news of ECB to offer US dollar based loans to European banks may have helped push gold and silver prices down. Crude oil prices slightly inclined. Natural gas spot price (Henry Hub)…
US CPI rose by 0.4% in August | silver is trade down– September 15
In the recent report of the Bureau of Labor Statistics, the US inflation for August 2011 inclined by 0.4% or in annual terms it rose by 3.8%. The CPI without food and energy also rose by 0.2% during August and…