As expected, the House of Representatives voted for raising the U.S.debt limit ; this approval was made possible after very long deliberations over the weekend between Democrats and Republicans; in the end, the two parties agreed to raise the US debt ceiling,…
Category: Crude Oil
Oil Prices Daily Outlook August 1
Crude oil prices finished July with falls and they have also started August with moderate falls. The debt ceiling talks have concludes with the debt limit rising to $16.4 trillion. This news might bring back some stability to the market.…
Weekly outlook for August 1-5
The talks over raising the US debt ceiling have ended yesterday with a raise of $2.1 trillion. Now that this issue was resolved, the aftermath will start including whether rating agencies will downgrade the US credit rating. This week there are…
Crude oil prices moderately declined – Weekly recap 25-29 July
Crude oil prices didn’t change much during the past couple of weeks; last week wasn’t any different as crude oil prices moderately declined after they had moderately inclined the week before. The US GDP 2011 Q2 didn’t grow by a…
Recommended posts for the weekend – July 30
Last week continued to revolve around the US debt ceiling talks and the effect this news had on the financial markets. The US GDP 2011 was published yesterday and showed a 1.3% annual growth rate in Q2011. Here are several…
Gold and silver finished the week rising –July 29
Gold and silver prices changed direction yesterday and finished the week rising; crude oil prices on the other hand fell sharply; these shifts in commodities prices might also be related to the recent US GDP Q2 2011 report that showed…
U.S. GDP 2011 Q2 rose by only 1.3%
The bureau of economic analysis published today its advance estimate of U.S. GDP 2011 second quarter: According to the report, the growth rate of the real US GDP 2011 in the second quarter of 2011 reached 1.3%; according to the…
Oil Prices Daily Outlook July 29
Crude oil prices moderately inclined yesterday. The EIA natural gas market report was published yesterday and presented an increase in natural gas storage of 43 Bcf. Today, the Euro Area inflation rate will be published, the U.S. advance estimate of…
Gold and silver declined for second day –July 28
Gold and silver prices very moderately declined again for the second straight day; crude oil prices also didn’t change much but they did finish with a small increase; finally, natural gas spot price (Henry Hub) declined. Here is a summary…
Oil Prices Daily Outlook July 28
Crude oil prices declined yesterday: the WTI spot oil price declined by 2.22%; this was the sharpest daily percent change it had since July 14th. Yesterday, the EIA petroleum stocks was published and presented a sharp increase in stockpiles of…