The recent Energy Information Administration petroleum report analyzes the gasoline consumption in the US and offers an explanations for the decline in gasoline consumption in 2011 compared to 2010; the main reasons include: high gasoline prices driven by high crude…
Category: Crude Oil
Oil Prices – Daily Outlook August 31
Crude oil prices continue their rally and keep on erasing loses they have had during the first week of August. The rising indexes in US stock markets including S&P500 indexes are probably helped pulling up crude oil prices. Currently, crude…
Euro Area unemployment unchanged at 10% August 2011
According to the recent Eurostat report, the Euro Area seasonally adjusted unemployment rate remained unchanged at 10% during July 2011 – the same rate as in June 2011, but slightly lower than the seasonally adjusted unemployment rate in July 2011,…
Oil prices continue to rally; Gold & silver also inclined – August 30
Crude oil prices have completed yesterday a four consecutive business days rally; Brent oil nearly eliminated all its losses from the beginning of the month; Gold and silver prices continue to zigzag as they have finished yesterday on a rise;…
US consumer confidence sharply fell in August
According to the recent consumer confidence survey in the US, the consumer confidence index has sharply fell during August compare with July’s index; this index declined during the past couple of months. The index stood in August at 44.5 (1985=100)…
US pending home sales fell in July 2011
According to the recent US pending homes sales report there was a drop in pending home sales during July 2011, but was still above the rate in July 2010. The US pending home sales index declined by 1.3% during July…
Oil Prices – Daily Outlook August 30
Crude oil prices started the week with rises following the small changes they have had in recent days. The recent rally in US stock markets including S&P500 probably helped pulling up crude oil prices. The search of Gadhafi is still…
Gold & silver started the week with falls | oil price fell – August 29
Gold and silver prices changed direction again and fell yesterday for the first time since August 24th; crude oil prices continued to climb as they rose for the third straight business days; natural gas spot price (Henry Hub) on the…
Oil Prices – Daily Outlook August 29
Crude oil prices ended last week with moderate rises after the turbulent they have endured during the previous week. It’s currently not clear yet what were the damages to the East Coast infrastructure due to Hurricane Irene including the oil…
Weekly Outlook for August 29- September 2
This upcoming week will start with all eyes towards the East coast of the US and the ramifications of Hurricane Irene. The last week of August will also present many items on the agenda that could affect commodities, forex and…