ECB officials announced today that ECB, with the help of the Federal Reserve will offer US dollar based loans to Euro Area banks for three months that will ensure these banks will have enough liquidity to end 2011. This news…
Category: Crude Oil
Gold and silver prices continue seeking direction – September 14
Gold and silver prices continue to zigzag with no clear path as they have moderately declined yesterday; Crude oil WTI price changed direction and moderately declined as well; Natural gas spot price (Henry Hub) continue to rise. Here is a…
Oil Prices – Daily Outlook September 15
Crude oil prices changed directions again and fell yesterday, despite the ongoing rally of the US stock markets. The USD slightly depreciated against the Euro. This recent decline may just be a correction, as crude oil prices are currently traded…
U.S. oil stockpiles fell again by 7.7 million bbl – September 15
The recent Energy Information Administration petroleum report examines the Libyan condition following the end of the civil war there. The EIA analyzes the factors that will affect Libya’s oil production recovery in the near future. Here is a weekly review…
US retail sales unchanged during August – September report
Retails and foods services sales didn’t change in August compared to July 2011, but were still by 7.2% above the sales at August 2010. The U.S. Department of Commerce issued its monthly report on the change in the U.S. retail…
US Federal deficit grew by $134 billion in August
The House of Representatives’ decision made at the beginning of August to raise the US debt ceiling, coincides with the growth in US Federal deficit: according to the recent publication of the Monthly Treasury Statement, the US government deficit grew…
Gold and silver prices corrected and slightly inclined – September 13
Gold and silver prices corrected for their decline on Monday and ended yesterday slightly up; Crude oil WTI price continued to follow the US stock market and finished yesterday in the green; Natural gas spot price (Henry Hub) changed direction…
Oil Prices – Daily Outlook September 14
WTI oil prices inclined yesterday and thus followed the modest gains in the US stock markets. The gap between Brent oil and WTI oil prices continues to close. The speculations around the Euro Area debt crisis will probably continue to…
IEA revised down its projection on oil demand– September report
Today, the IEA – International Energy Agency published its monthly report on the global oil market for August 2011. During August, OPEC’s oil production slightly inclined by nearly 165 k bbl/d to 30.26 million bbl/d compared with July’s average oil…
Gold and silver started the week falling – September 12
Gold and silver prices started the week with sharp falls, as the US stock markets rose. Crude oil prices, much like the US stock markets, inclined. Natural gas spot price (Henry Hub) kept on falling. Here is a summary of…