The Eurostat published today that the Euro Area inflation rate reached 2.7% (Y-2-Y) during May 2011. This is a moderate decrease from April’s inflation rate of 2.8%. The EU inflation rate during April reached 3.2%, a decrease from 3.3% during…
Category: Crude Oil
Oil prices daily outlook 16 June
Crude oil prices fell very sharply yesterday; the last time there was such a sharp fall was back in May 11th when WTI spot oil declined by 5.33%. Before that oil prices fell sharply by 8.18% on May 5th; in…
U.S. oil stocks declined by 0.6 million barrels – June 16
The Energy Information Administration petroleum report refers to the upcoming hurricanes season and its effect it may have on the supply of natural gas and oil form the Gulf of Mexico. Here is a weekly review of the U.S. oil…
Oil prices fell precipitately as USD strengthened –June 15
Crude oil prices plummeted yesterday as the US dollar strengthened against major currencies including Euro and Canadian Dollar. Natural gas spot price also followed and fell; gold and silver prices didn’t change much. Here is a summary of the price…
Oil prices daily outlook 15 June
Crude oil prices started the day with sharp falls. Today the US CPI will be published along with the US petroleum and oil report. Let’s review and analyze the crude oil market for today, June 15th: Crude oil prices –…
Gold & Silver Prices – Daily Outlook 15 June
Gold and silver prices continue to zigzag with no clear trend as they have bounced back with moderate rises following a drop in prices on Monday. The US’s CPI will be published today, along with the TIC that might affect…
Oil gold and silver prices bounced back–June 14
Major commodities prices bounced back and closed yesterday with rises. Gold, silver and crude oil prices inclined while natural gas prices started to drop. Here is a summary of the price movements of precious metals and energy commodities for June…
Oil prices daily outlook 14 June
Crude oil prices continue to moderately changed, but during recent days there has been an upward trend in the difference between Brent oil and WTI oil spot prices. Will this trend continue? Let’s review and analyze the crude oil market…
China’s industrial production slowed down – June 14
As expected, China’s industrial production index has moderately declined by 0.1 percent points during May compared with April 2011; nevertheless, this index was 13.3% above the rate on a year to year scale. Despite a slowdown in the growth rate…
Gold and silver start off the week with falls –June 13
Gold and silver prices start off the week with falls, and thus continued the declines from the end of last week. Major energy commodities moderately changed with mixed trend. Here is a summary of the price movements of precious metals…