The U.S. Department of Commerce issued its monthly report on the change in the U.S. retail and food sales during July 2011. This report adjusts for seasonal variances but controls for price changes. During July, the U.S. retail and food…
Category: Crude Oil
Oil Prices – Daily Outlook August 12
Crude oil prices inclined for the second straight day (third for Brent oil) after they had fell during most of last week. The shift might be related, in part, to the recent rise in the stock market, including the S&P500.…
Gold price fell for first time this week –August 11 daily recap
Gold price shifted direction and fell for first time this week; silver price also followed with sharp falls; crude oil prices increased again yesterday after sharp falls during most of August; natural gas spot price (Henry Hub) declined while the…
IEA slightly dropped its projection on oil demand– August report
Yesterday, the IEA – International Energy Agency published its monthly report on the global oil market for July 2011. During July, OPEC’s oil production inclined by nearly 0.1 m bbl/d compared with June’s average oil production; as a result, the…
Oil Prices – Daily Outlook August 11
Crude oil prices bounced back and trimmed part of the falls they had recorded in recent days. Today, the Canadian and American trade balance reports will be published, ECB monthly bulletin, EIA natural gas report and US unemployment claims, Yesterday,…
U.S. oil stocks fell again by over 10.7 million bbl – August 11th
In this week’s Energy Information Administration petroleum report there is an analysis of the recent high volatility in the crude oil market: the sharp falls that were recorded in the WTI and Brent oil prices in recent weeks have more…
Gold price nearing the $1,800 mark – August 10 daily recap
Gold price keeps on rising and is nearing the $1,800 mark; silver price has also followed and recorded yesterday gains; crude oil prices bounced back and rose very sharply yesterday despite the falls in the stock markets and the appreciation…
Oil Prices – Daily Outlook August 10
WTI spot oil price fell again yesterday, but it’s currently traded up. OPEC published yesterday its July report and presented an increase in OPEC’s oil production during July. The FOMC kept the US basic interest rate unchanged. Today, the Australian…
Gold price at $1,743 | silver price sharply dropped –August 9
Gold price inclined again yesterday and reached new highs despite the recovery of the major stock markets from Monday’s falls; silver price continued to fall; crude oil prices had a mixed trend as the WTI spot oil price declined, while…
FOMC to keep rates low through mid-2013
Yesterday, the Federal Open Market Committee convened to decide on the Fed’s monetary policy and US interest rate. As expected the FOMC decided to keep the US interest rate unchanged at 0% to 0.25%. In the meeting there were no…