Following the sharp falls of crude oil prices during last week, this week might also present a drop in prices. Today the European summit (The Economic and Financial Affairs Council) will be among the main events that could stir up…
The Greek debt will continue to be among the main news items that will affect traders and investors and consequently the financial markets including the Euros to US dollar exchange rates, indexes and major commodities prices. Here is an economic…
Crude oil prices had a very sharp fall during the week as the Euros to US dollar exchange rate also fell due to the concerns over the Greek debt. There is still high uncertainty over the crude oil supply and…
The week has ended with crude oil prices declined again along with natural gas spot prices (Henry Hub); gold and silver prices, on the other hand, closed the week with a moderate rise. Here is a summary of the price…
There are still major concerns over the Greek debt resulting in high uncertainty in the financial markets with crude oil prices falling, gold and silver remaining high and the Euros to US dollar exchange rate shifting direction on a daily…
Following yesterday’s slow trading day in which crude oil prices didn’t change much, they are currently traded down; will this decline continue? Let’s review and analyze the crude oil market for today, June 17th: Crude oil prices – June 2011…
According to the recent Organization of the Petroleum Exporting Countries report the OPEC oil production remained unchanged in May compared to April 2011: OPEC’s crude oil production remained nearly unchanged in May as it reached 28,974 thousand bbl/d compared to…
According to a recent report, China’s holding of US Treasuries rose during April for the first time since in half a year; this news comes after China has reduced its holding in March by $9.2 billion from February. During April…
Following the sharp fall for crude oil prices the day before yesterday, natural gas prices soon followed as the July futures prices fell sharply by nearly 4%. Gold, silver and crude oil prices didn’t change much yesterday. Here is a…
According to the recent IEA – International Energy Agency monthly report on oil markets around the world for the month of May 2011: OPEC’s oil output rose to 29.18 mb/d, but is still below the pre-Libya turmoil era by 1.25…