Yesterday’s Energy Information Administration petroleum report focused on the major countries that export crude oil to the US during 2010. The US still heavily relies on Canada as its prime source for crude oil with nearly 2,532 thousand bbl/d during…
The third business day of the May continued to show falls for major commodities including crude oil, natural gas, gold and silver as they have kept their plunge. Here is a summary of the changes in commodities and precious metals…
I came across a post by Derek Thompson from the Atlantic about the main factors that affect the current crude oil prices. This is a good visual of the main factors that affect the current crude oil prices, even though…
Crude oil prices kept on declining for the second straight day and during May WTI spot oil price fell by 2.5% and Brent oil by 3.2%. What is headed for oil prices today? Let’s examine the oil market and the…
The second day of the week wasn’t any better of major commodities including crude oil, natural gas, gold and silver as all these commodities registered yesterday major declines. Here is a summary of the changes in commodities and precious metals…
The oil markets continue to trade down but moderately, with no clear trend yet. The news on how the US forces located and killed the known terrorist – Obama bin Laden continue to occupy the news, but after the initial…
The first day of the month started off with the breaking news about the killing of bin Laden (see here for more on the subject). This news stirred up the financial markets at first, but by the end of the…
The biggest news today comes from the president of the United States about the US forces located and killed the known terrorist – Obama bin Laden, the financial markets reacted to the news with rises in major stock markets and…
The president of the United States, Barack Obama, announced to the world that the US forces located and killed the known terrorist Osama Bin Laden. The known terrorist was located in Pakistan. You can see here the announced of Barack…
Crude oil prices have continued to moderately rise during last week as the turmoil in the Middle East took another turn for the worst, and the U.S. economy didn’t show much progress. These news items may have contributed to the…