
Crude oil prices gained back some of the losses they have endured during the previous week and finished with slight increases during the week ending on August 26th. This rally coincided with the increase in major stock markets indexes including…
Bernanke’s speech in Jackson Hole didn’t bring any major stir up in the financial markets, but there is still high uncertainty in the markets in regards to the future economic progress in the US and Europe. Hurricane Irene that hit…
As anticipated by many in the market, Bernanke didn’t hint or implied of any further quantitative easing plan. Ben Bernanke, the chairman of the Federal Reserve, gave a speech today, August 26th named “The Near- and Longer-Term Prospects for the…
Crude oil prices didn’t change much yesterday, but the high volatility in the financial markets could spark a shift in this apparent stability in the oil market. Oil stockpiles have declined by 7 million bbl last week in the US.…
Today, the U.S. Census Bureau published its monthly report on US new durable goods manufactures’ shipments, inventories and orders for July 2011 – the report showed an increase in orders of durable goods and capital goods compared with June’s rate.…