Crude oil prices changed direction along with the US stock markets and ended yesterday with light gains. The slight fall of the USD against major currencies such as Euro and CAD also provided some backwind for crude oil prices’ bounce…
In the recent Organization of the Petroleum Exporting Countries report the OPEC oil production slightly inclined during August compared to July 2011; the report also predicts Libya will reach a production level of 1 million bbl/d within six months. OPEC’s…
The financial markets continue to voice their concerns around the potential default of the Greek debt as the Euro/USD is traded sharply down while major commodities including gold and silver prices are falling. Bloomberg speculates that Germany is preparing for…
Crude oil prices ended the week with sharp falls over the appreciation of the US dollar and the decline of US stock markets. The concerns over a Greek debt default may continue to affect trading and uncertainty in the financial…
Following the sharp decline in crude oil prices by the end of the week, along with the appreciation of the US dollar against major currencies including the Euro and CAD, there are many questions regarding the direction of major commodities…
Last week there were many news items including the ECB decision to keep its interest rate unchanged, the BOC’s decision to keep its overnight rate at 1%, the slight increase in US non-manufacturing index or the increase in US initial…
Gold price ended the week with light rises, while silver prices ended with falls. Crude oil prices, much like the US stock markets, sharply fell on Friday. Natural gas spot price (Henry Hub) changed direction and declined. Here is a…
Crude oil prices started the week strong, but by the end of the week as the US stock markets declined – the S&P500 index lost 0.94% of its value during the week – crude oil prices followed and declined as…
Gold and silver prices bounced back and rose yesterday. Currently, gold and silver prices are traded down. Yesterday, ECB kept its rate unchanged, the US unemployment claims slightly inclined, President Obama presented his job creation plan before Congress and Federal…
Gold and silver prices bounced back yesterday and erased most of loses they have had at the beginning of the week. The US stock markets on the other hand fell. Crude oil prices followed and moderately declined as well. Natural…