In this week’s EIA energy report, pertaining crude oil price and petroleum stocks, there is an excellent critic the EIA analysts have pointed out the peril of putting too much weight into these weekly reports and oil data. They pointed…
Category: Crude Oil
Oil prices rising so do gold and silver–February 9
Let’s quickly review the changes in major energy commodities market and precious metals for February 9th: Oil and Gas prices: Crude oil price (WTI spot) after falling all week, yesterday it bounced back by 1% as it settled on 86.71…
Oil and gas prices outlook– 9 February
Let’s examine the energy markets and the related news that might affect major commodities’ prices such as crude oil price for today, February 9th: Bloomberg reports a rise in WTI crude oil price today, as they announce of a decline…
Oil and gas prices down; gold and silver up –February 8
The second day of the week, presented weakness for most of the energy commodities; precious metals, on the other hand, showed some strength as gold and silver prices rose. Let’s quickly review the changes in major energy commodities market and…
Oil and gas prices continue to freefall –February 7
The second week of February started with falls in major oil and gas prices, including crude oil price (WTI spot) and gas prices (Henry Hub spot). Let’s quickly review the changes in major energy commodities market and precious metals for…
Weekly outlook for Crude oil, Natural gas and Gold 7-11 February
Here is a weekly outlook for the week of February 7th to 11th showing the news items and reports that will be published this coming week mainly related to the US, Canada and German economies. In addition, to the reports…
Oil prices declined despite Egypt riots – Weekly recap Jan 31-4 Feb
Crude oil price continued to fall during the end of the week, despite the price hike it gained during the beginning of the week, mainly related to the turmoil in Egypt. Here is a weekly recap for January 31 to…
Examining the Fed’s policy and its potential effect on oil prices
On Friday, February 4th, Federal Reserve Chairman – Ben Bernanke gave a speech on the monetary policy of the Federal Reserve for the near future. He said that the Fed will continue with its plan to purchase treasury worth of…
U.S Labor report showing decline in unemployment
On Friday, February 4th, the Bureau of Labor Statistics published the U.S. employment report for the month of January 2011. According to the report, the U.S. unemployment rate fell by 0.4 percent point during December, from 9.4% to 9.0%. This…
Oil prices fell despite Middle East turmoil –February 4
Crude oil price fell yesterday, along with other major energy commodities including natural gas spot price; Gold price also declined while silver prices rose yesterday. Let’s quickly review the changes in major energy commodities market and precious metals for February…