The Euro Area unemployment rate remained unchanged during May 2011 on 9.9%; according to the recent Eurostat report, the rate was still lower than the rate of unemployment during May 2010. It’s estimated that nearly 22.378 million people in…
Category: Crude Oil
US PMI manufacturing index rose to 55.3, gold prices declined
According to the recent U.S. Manufacturing ISM report regarding the U.S. Manufacturing PMI– an index that estimate the economic activity in the manufacturing sector in the U.S. – inclined during June to 55.3% after it reached on May 53.5%, i.e.…
Major commodities closed the day with moderate changes–June 30
Crude oil prices didn’t changes much yesterday as they closed with WTI spot oil moderately inclining and Brent spot oil moderately falling; Gold and silver prices also finished the day with light changes; natural gas future price on the other…
Oil Prices Daily Outlook 30 June
Crude oil prices rose again yesterday, but they are currently traded with moderate changes. Today the US unemployment claims report will be published along with the monetary development of European Union. Here’s a short analysis and outlook of the crude…
U.S. oil stocks moderately fell last week – June 30
The Energy Information Administration petroleum report showed a moderate drop in US petroleum stock and a sharp fall in crude oil prices during last week. The report also examines the US refinery output in annual terms in 2010; it shows…
Oil and gold prices continue their rally –June 29
Crude oil prices (WTI and Brent spot oil) continued to rise and finished yesterday on a high note. Gold and silver prices also rose; natural gas future price moderately declined. Here is a summary of the price movements of precious…
US pending home sales rose in May 2011
According to the recent US pending homes sales report there was a rise during May 2011 in home sales. The US pending home sales index inclined by 8.2% during May 2011 compared with the April 2011 index. This index is…
Greek budget cuts were approved Euro rises– June 29
Greek parliament approved today the package of budget cuts proposed by Prime Minister George Papandreou. These budget cuts are estimated at nearly 28 billion euros. This vote was critical for Greece to avoid default on its debt, and was one…
Oil Prices Daily Outlook 29 June
Crude oil prices bounced back and rose by over 2% after they had remained nearly unchanged a day earlier. Today Greece will decide on the budget cuts, but the news doesn’t seem to stir up the market for now. Related…
Oil and gas prices bounced back –June 28
Crude oil prices (WTI and Brent spot oil) bounced back and inclined yesterday; gold and silver prices also inclined but very moderately; natural gas spot price kept on rising as well. Here is a summary of the price movements of…