Crude oil prices started off the month of May with sharp falls which were stimulated, in part, by the appreciation of US dollar against major currencies; oil prices gained back some of their value by the end of the month.…
Category: Crude Oil
Saudi Arabia signals to raise oil production
Following the OPEC meeting from last week, in which OPEC ministers didn’t reach an agreement as to the whether to raise oil production quota, it’s currently reported that Saudi Arabia may raise its oil production quota in the months to…
Weekly outlook for June 13-17
Here is an economic news calendar for the week of June 13th to 17th that highlights the main news items and reports related to U.S., Canada, Japan, China and Europe. (all times GMT): Monday 13th of June 15.00 – ECB…
Oil prices moderately inclined during week – Weekly recap 6-10 June
Crude oil prices continue to change very moderately as they did in recent weeks, but there was a rise in oil prices during last week; this rise, might have been affected, in part, by the recent OPEC meeting, in which…
Major commodities prices finished the week with declines –June 10
Major commodities prices continue to zigzag with no clear trend and they finished the week with declines. Here is a summary of the price movement in energy commodities and precious metals for June 10th: Oil and Gas prices: WTI Spot…
Recommended posts for the weekend – June 11
Following this intense week, here are a few recommended posts you may find interesting for the weekend of June 10th: In Forexcrunch, Yohay discusses the rise of the British pound against the US following the bad data reports; there is…
EIA recent outlook oil market will further tighten
EIA outlook oil market for 2011 and 2012 was released yesterday. According to the report, despite the recent drop in gasoline prices in the US as the crude oil prices curbed their rises; there is a good chance that the…
ECB kept rate unchanged at 1.25%
As expected, the European Central Bank kept its interest rate unchanged at 1.25%. According to Forex Crunch in yesterday’s press conference the ECB’s President Jean-Cluade Trichet used the terms “strong vigilance”; this term might be a tip for the future…
Oil natural gas and gold finished the day with gains –June 9
Natural gas and crude oil prices continued their rally yesterday; gold and silver prices also followed with small gains. Here is a summary of the price movement in energy commodities and precious metals for June 9th: Oil and Gas prices:…
Oil prices daily outlook 9 June
Crude oil prices had a bit of a comeback in the last couple of days. The recent OPEC meeting didn’t bring any annunciation in regards to OPEC’s oil production quota. This might keep oil prices at their current high level.…