Crude oil prices started the day with sharp falls as the Fed lowered its GDP growth rate for 2011. On the other hand, China might start to show an increase in crude oil. Today the US labor report and US…
Oil prices daily outlook 23 June
Category: Crude Oil
Gold & Silver Prices – Daily Outlook 23 June
Gold and silver prices rose yesterday, as they did throughout during recent days but they are currently traded sharply down following Ben Bernanke’s speech from yesterday. Let’s examine the news of the day related to the precious metals market for…
Federal Reserve lowered economic forecast
Yesterday, Ben Bernanke, Chairman of the Federal Reserve, gave a speech in which, as expected, he said the Fed will keep the US basic interest rate unchanged between 0 and 0.25%. The decline in the US inflation rate (see…
U.S. oil stocks inclined by 3 million barrels – June 23
The Energy Information Administration petroleum report showed a rise in US petroleum stock and a drop in oil prices during last week. The report also analyzes the expected growth in oil demand in 2011 despite the economic uncertainty and slow…
Oil and gold prices finished the day with rises –June 22
Major commodities finished the day with rises, including crude oil, gold, silver and natural gas. Here is a summary of the price movements of precious metals and energy commodities for June 22nd: Oil and Gas prices: WTI Spot oil price…
Oil prices daily outlook 22 June
Crude oil prices started off the week with moderate changes; let’s examine the pressures from the demand and supply sides that might affect this market. Here’s a short analysis of the crude oil market for today, June 22nd: Crude oil…
Gold and silver prices continue to climb up –June 21
Gold and silver prices continue to increase as they have closed the business day with moderate rises; natural gas price (Henry Hub) bounced back following its falls during recent days; crude oil price (WTI spot oil) also finished the day…
US home sales continued to decline during May by 3.8%
The national association of retailers published its monthly report regarding the Existing-home sales; according to the report the existing home sales in the US dropped in May by 3.8% to 4.81 million transactions, compared with April’s annual rate of home…
Oil prices daily outlook 21 June
WTI crude oil price bounced back and moderately inclined yesterday. Today, the core retail sales of Canada will be published along with the U.S. existing home sales – these news items may affect the financial markets. Let’s review and analyze…
Oil and gas prices start off the week with moderate changes –June 20
The week started with WTI spot price rising, Brent oil falling, natural gas prices declining and precious metals prices moderately rising. Here is a summary of the price movements of precious metals and energy commodities for June 20th: Oil and…