The EIA recent energy report, pertaining crude oil price and petroleum stocks, referred to Groundhog Day. The EIA analysts suggest that Americans shouldn’t wait for Groundhog Day in planning their purchasing of heating oil. Since, according to EIA calculations, the…
Category: Crude Oil
Oil prices bounce back with a steady rise –February 16
Let’s quickly review the changes in major energy commodities market and precious metals for February 16th: Oil and Gas prices: Crude oil price (WTI spot) after falling for three straight business days, it bounced back yesterday with a 2.24% increase…
Examining the spread between Brent oil and WTI – February 16
The gap between the crude oil price WTI and Brent oil price has reached on Monday a new high, at 19.46$/b. This is the largest gap it recorded in over in 23 years. Yesterday the gap was a bit smaller…
Oil prices outlook – 16 February
Crude oil price (WTI) declined yesterday as part of the ongoing downward trend it experienced during2011. Let’s examine this behavior: Yesterday crude oil price (WTI spot) fell for the third straight business day, by 0.58% as it settled on 84.32$/b…
The Henry Hub gas prices inclined yesterday –February 15
Let’s quickly review the changes in major energy commodities market and precious metals for February 15th: Oil and Gas prices: Natural gas spot price (Henry Hub) after declining for seventh straight business days, it broke its fall yesterday with a…
The gap between WTI and Brent continues to widen –February 14
The third week of February starts off with moderate rises and falls in the energy market, and rises in precious metals. Crude oil price (WTI) continued to fall, while Brent oil bounced back from last week’s slow down. Let’s quickly…
Weekly outlook for Crude oil, Natural gas and Gold 14-18 February
Here is a weekly outlook for the week of February 14th to 18th showing the news items and reports that will be published this coming week mainly related to the US, Europe, China and Canada economies. The news besides these…
Oil prices continue descending – Weekly recap 7-11 February
The uprising in Egypt is all over the news as Mubarak stepped down from his presidency, yet the energy market didn’t react so far to the news other than continue its descent; thus, i.e. crude oil price fell last week.…
Oil prices outlook with the Egypt coup completed – 11 February
The Mubarak regime has ended after 29 years of ruling Egypt. Let’s examine what is the current situation in Egypt, and how did the commodities market reacted so far by examining the crude oil price: After more than a couple…
Natural gas prices continue freefalling –February 10
A slow day was yesterday for many commodities, as precious metals didn’t move much as do crude oil price. Natural gas prices however continue to free fall. Let’s quickly review the changes in major energy commodities market and precious metals…