Crude oil price after all three major indexes (WTI spot, WTI future and Brent spot) were moving mostly in sync in the past, this week they separated, as the WTI spot fell below 88$/b, WTI future (February delivery) declined to…
Yesterday the last business day of the week showed crude oil price (WTI) continues its descent, the same goes for gold prices and silver prices, while natural gas spot price and future price continue to sharply incline. Here is a…
The recent EIA weekly report on crude oil price, consumption and storage analyze the gasoline prices as they are driven to rise due to the last couple of years’ crude oil price hike. I will review the main findings of…
Yesterday the commodities market stirred up with crude oil price sharply fell, the same goes for gold prices and silver prices, while natural gas spot price and future price sharply inclined. Here is a daily recap for January 20th of…
Crude oil price (WTI) fell yesterday very moderately and will probably continue to moderately fall as the week will progress. Today the EIA will issue its weekly report on petroleum stocks, and IEA issued its 2011 outlook. Here is the…
Here is a daily recap for January 19th of the main price changes in major energy commodities and precious metals: Energy prices: Crude oil price (WTI spot) fell for the second straight day, yesterday, by 0.57% fell and settled at…
Canadian natural gas spot price is on the rise, China’s 2010energy consumption target review, Russia and Japan reaching an agreement on natural gas, the IEA recalculated upwards its estimates about worldwide crude oil consumption in 2011 and the news about…
The recession, which started during 2008, in the US and later on spread to Europe and other major countries, have had an effect on the correlations among crude oil price and major currencies. I will show in this short analysis…
This short trading week starts off with most of energy prices falling such as WTI crude oil and NY city gate natural gas, and precious metals rising, let’s break down the main price changes for January 18th: Energy prices: Crude…
The bureau of labor statistics published last week, on January 14th its report on the consumer price index. The report showed an increase in the CPI by 0.5 percent points. Thus the current US inflation rate on a yearly scale…