In the recent Energy Information Administration petroleum report there is an analysis of the reasons behind the high gasoline prices which includes not only the high crude oil prices, but also domestic concerns that drove gasoline prices up; these concerns…
Major commodities bounced back yesterday after they had fallen during most of the week. Here is a summary of the main price changes in commodities and precious metals for May 18th: Oil and Gas prices: Spot oil price (WTI) bounced…
Today Euro Stat published its recent report regarding the Euro Area Construction output during March 2011: the report shows a decline in the in the construction output compared to February 2011 by 0.3% in the Euro Area. On the other…
Crude oil prices continue to fluctuate at a very moderate rate compared to the first week of May in which they fell very precipitately; oil prices are currently traded with moderate rises but as the day will progress you may…
In last week’s oil outlook of the Energy Information Administration for 2011 it was reported that EIA analysts expect that the OPEC crude oil production will decline in 2011 by 450,000 bbl/d compared to 2010, but the non-OPEC countries will…
Gold and silver prices kept on falling yesterday for the second straight day. Crude oil price (WTI spot) also declined, while Brent oil didn’t move much yesterday. Here is a summary of the main price changes in commodities and precious…
The crude oil market continue to remain put as the WTI oil price remains near the 100$ mark. The day started off with moderate rises. Let’s examine the recent news related to the crude oil market for today, May 17th:…
The Eurostat published yesterday that the Euro Area inflation rate grew by 2.8% (Y-2-Y) during April 2011. This is a moderate increase from March’s inflation rate of 2.7%. The EU inflation rate during April reached 3.2%, an increase from 3.1%…
The major commodities started off the week with crude oil prices falling (WTI spot oil and Brent oil), along with silver and gold prices. Here is a summary of the main price changes in commodities and precious metals for May…
The week started off with moderate falls for crude oil prices, but this scenario is likely to change direction throughout the day as there are many news items that will pull oil prices to different directions. Let’s examine the recent…