Gold price continues to rise and reach new highs; Silver price also finished the day with rises; Crude oil price shifted direction again and finished the day with falls; natural gas price also fell. Here is a summary of…
Crude oil prices changed direction and bounced back over the weak US dollar that fell probably due to the news of Moody’s concerns over US debt and Bernanke’s speech; according to recent US EIA report US petroleum stocks rose by…
The GDP of China rose in the second quarter by 2.2% (Q-2-Q), which is nearly 9.6% in annual terms. This is nearly the same rate as in the first quarter in which the annual growth rate was 9.7% and the quarterly…
The weekly report of the Energy Information Administration petroleum analyzes the recent announcement (back in June 23rd) made by the IEA to release 60 million bbl from its strategic stockpiles. The report tries to give an answer as to the…
Gold price continues to break new highs and is nearing the $1,600 mark; Silver price experienced yesterday its sharpest gain in 2011; Crude oil price continues its rally and moderately incline; natural gas price also continued to rise. Here…
Today, the IEA – International Energy Agency published its monthly report on the global oil market for June 2011: the report referred to the recent decision of the IEA to release 60 million barrels of crude oil from its strategic…
According to the recent Organization of the Petroleum Exporting Countries report the OPEC oil production inclined by nearly 0.5 million bbl/d during June compared to May 2011: OPEC’s crude oil production rose by 520 thousand bbl/d during June as it…
Gold price continues its charge as the Euro and US dollar further weakens against other major currencies. Crude oil price (WTI spot oil) bounced back from its falls and inclined; natural gas price continued to incline as well. Here…
Crude oil prices continue to decline as the Euro keeps on freefalling. Today, the Canadian and American trade balance will be published along with July’s OPEC report. Here’s a short analysis and outlook of the crude oil market for today,…
Crude oil prices started the week with moderate falls; gold price kept on rising, while silver price ended yesterday falling; natural gas price changed direction from last week and sharply inclined. Here is a summary of the price movements…