In the recent Organization of the Petroleum Exporting Countries report the OPEC oil production inclined during July compared to June 2011: OPEC’s crude oil production rose by 404 thousand bbl/d during July as it reached 30,069 thousand bbl/d compared to…
Category: Crude Oil
Gold reached new highs | oil sharply fell –August 8
Gold and silver prices changed direction from the end of last week and the concerns over the stability in the US affected them; gold price reached new record high as it passed the $1,700 mark; crude oil prices have resumed…
Oil prices Monthly outlook – August 2011
Crude oil prices started off July with sharp rises, but afterwards stabilized and ended the month with moderate falls. The same can’t be said for August that started with very sharp falls. Will this trend continue throughout August? I will…
Oil Prices – Daily Outlook August 8
There are still concerns over the markets’ reaction to the news that came over the weekend of Standard and Poor’s downgrading the US credit rating; currently the markets in the US demonstrate falls (as expected). In Europe, ECB is likely to…
Weekly outlook for August 8-12
The major news over the weekend came from the US when Standard & Poor’s downgraded the US credit rating from AAA to +AA for the first time in US history. The US treasury department already reacted to this news and…
Recommended posts for the weekend – August 7
Last week ended with a dramatic announcement of Standard and Poor’s downgrade of US’s credit rating from AAA to +AA; the rumors behind this news are probably one of the factors that pulled not only stock markets, but also crude…
Crude oil prices sharply fell – Weekly recap 1-5 August
Crude oil prices started August with very sharp falls, the steepest declines since May 5th back when the US dollar strongly appreciated against the Euro. The recent drop in crude oil prices is related, in part, to the sharp falls…
S&P downgraded US’s credit rating from AAA to AA+
Standard and Poor’s, one of the most important rating agency worldwide, announced yesterday it downgraded the US credit rating from AAA to +AA; This is a one level drop. It’s also the first time in US history that the United…
Gold and silver prices ended the week with falls –August 5
Gold and silver prices fell for the second straight day: gold price is still up in August, but silver price is currently below its initial price level; crude oil prices have ended a five day drop and bounced back from…
U.S employment rose by 117,000 during July – August report 2011
The US labor force rose at a much faster pace than in the past couple of months, as the number of non-farm employees increased during July by 117,000 compared with an increase of 18,000 during June and 25,000 during May.…