According to DnB NOR, the expectations are that OPEC will raise its crude oil quota by 2.2 million barrel and reach a new target supply of 27 million barrels a day – the highest level since 2008. If this will…
Category: Crude Oil
Oil prices daily outlook 1 June
Crude oil prices finished the month with rises, but they didn’t recover from their falls at the first week of May. What is up a head for crude oil prices? Let’s examine the crude oil market for today, June 1st:…
Oil and gas prices finished May with rises –May 31
The month of May finished with rises in the major energy commodities including crude oil and natural gas, while precious metals experienced moderate changes. Here is a summary of the main price changes in energy commodities and precious metals for…
Oil prices rise over concerns of Keystone pipeline
There are some concerns in the crude oil market that might affect the level of uncertainty over supply of oil and cause crude oil prices to trade up: Due to a pump- station leak in the Keystone pipeline was shut…
Gold & Silver Price – Daily Outlook 31 May
The last day of May starts off with moderate rises in the precious metals prices, and thus continue the upward trend of recent weeks. Let’s examine the news related to these precious metals for today, May 31st: Gold and silver…
Oil prices daily forecast 31 May
Crude oil prices start off the day with moderate rises, just like other major commodities; these rises, however, might switch direction during the day. Let’s examine the recent updates related to crude oil market for May 31st: Crude oil prices…
Weekly outlook for May 30 to June 3
Here is an economic news calendar for the week of May 30th to June 3rd that highlights the main news items and reports related to US, Canada, Australia and Europe. (all times GMT): Monday 30th of May 13:30– Canada GDP…
Oil prices inclined during last week – Weekly recap 23-27 May
Crude oil prices, much like other commodities prices, made a comeback, mainly during the first half of the week. There are several factors to consider the recent upward trend of crude oil prices including the weakening of the US dollar,…
Gold and silver finished the week rising –May 27
The week ended with major commodities rising including gold and silver prices as well as crude oil prices. Here is a summary of the main price changes in energy commodities and precious metals for May 27th: Precious Metals prices: Gold…
Recommended posts for the weekend – May 28
Here are several recommended posts you may find interesting for the weekend: In Forexcrunch, Yohay analyzes the recent publication of the US pending home sales and its effect on the US dollar; MasterResource examines the attempts of Natural…