Here is an economic news calendar for the week of June 6th to 10th that highlights the main news items and reports related to U.S., Canada, Australia, China and Europe. (all times GMT): Tuesday 7th of June 5.30 – Reserve…
Category: Crude Oil
Recommended posts for the weekend – June 4
Here are several recommended posts you may find interesting for the weekend of June 4th: In Forexcrunch, Yohay analyzes the EURO/USD and the effect of the recent publication of the U.S. ISM Non-Manufacturing PMI report on this exchange rate; Forexcrunch…
Major commodities finished the week with moderate changes –June 3
The disappointing U.S. labor report was published yesterday and presented that only 54,000 jobs were created. This news caused some stir up in the financial markets, but didn’t affect much major commodities. Here is a summary of the main price…
The Turmoil in Middle East continues – Yemen and Syria update
Yemen The recent reports from Yemen are that there was an attempted murder on President Ali Abdullah Saleh, the current president of Yemen by a bombing of his palace in Sana’a. According to the current reports, He managed to escape…
U.S employment inclined by only 54,000 during May – June report 2011
The U.S. employment report was published today, June 3rd by the Bureau of Labor Statistics published regarding May 2011. The report didn’t present good news for the progress of the U.S. economy: The labor force rose at a much slower…
U.S. oil stocks inclined last week by 7.2 million barrels – June 3
In the recent Energy Information Administration petroleum weekly report regarding the U.S. crude oil market there is an analysis about the rising consumption of distillate fuel oil not only in the U.S. but also globally. Here is a weekly review…
Gold and silver prices fell; natural gas soared –June 2
June continues to present no clear trend in the commodities market as crude oil price (WTI spot oil) remain around the $100 mark, gold and silver prices also remain around their price level of $1,500 and $36-37 mark, respectively. Here…
Oil prices daily outlook 2 June
Crude oil prices started off June with falls as they are currently traded down in the European markets. What is up a head for crude oil prices by the end of the week? Let’s examine the crude oil market for…
Oil prices fell while gold prices inclined –June 1
June started with moderate changes in major commodities prices as they are still seeking direction with gold, crude oil and silver continue to zigzag as they did in the past couple of week. Here is a summary of the main…
US PMI manufacturing index fell to 53.5, oil prices also declined
The U.S. ISM Manufacturing PMI, which is an index that estimate the economic activity in the manufacturing sector in the U.S., declined during May to 53.5% after it reached on April 60.4%, i.e. a 6.9 percent points decline. This decline…