Today the Energy Information Administration petroleum will issue its updated oil supply analysis and short term outlook. Trading NRG will review the highlights of this report. Here is a weekly review and analysis of the U.S. oil and petroleum market…
Crude oil prices continued their rally as they inclined yesterday following the decision of OPEC not to raise oil quota. On the other hand, bullion gold prices fell for the second straight day. Here is a summary of the price…
In today’s OPEC meeting the OPEC ministers didn’t come up with a decision today. According to Bloomberg, OPEC members could reach a consensus on whether OPEC should raise oil production or not. OPEC’s official oil production didn’t incline since the…
Crude oil prices continue to fluctuate very moderately, despite the ongoing turmoil in the Middle East; OPEC meeting is being held today, and EIA will publish its weekly crude oil report on oil stockpiles, consumption and production in the U.S.…
Major commodities continue to shift with no clear trend as silver prices along with crude oil prices finished the day with moderate rises; gold and natural gas spot price moderately declined. Here is a summary of the main price changes…
Ben Bernanke, the chairman of the Federal Reserve, gave a speech today, June 7th, titled “The U.S. Economic Outlook“. The Fed will complete the recent stimulus plan of purchasing $600 billion worth of Treasury securities by the end of…
Crude oil prices started the week the same way they have ended the previous week, with moderate falls; the upcoming OPEC meeting in which OPEC will set up its oil production in 2011 might affect the future oil prices. Let’s…
The week has started with moderate rises for gold and silver prices and moderate rises in crude oil prices. Here is a summary of the main price changes in energy commodities and precious metals for June 6th: Precious Metals prices:…
Crude oil prices started the week the same way they have ended the previous week, with moderate falls; the upcoming OPEC meeting will set up its oil production in 2011. Let’s examine the crude oil market for today, June 6th:…
Crude oil prices started off the last week with falls but afterwards they have remained with little changes during the week. It seems that the financial market is still seeking direction for crude oil prices. The recent disappointing US labor…