The prices of oil and natural gas took a noise dive last week, while precious metals rallied mainly by the end of the week. On this week’s agenda: Yellen testifies, Philly Fed index, U.S PPI, China’s GDP for the second…
Oil prices came down again during the past week as the turmoil in Iraq seems to have little impact on the oil market. Last week, the WTI and Brent fell by 1.6% and 2%, respectively. The difference of Brent oil…
The decision of Chesapeake Energy (NYSE: CHK) to increase its production of natural gas liquids raises the question of whether this is the right move for the company, and how will this play impact its bottom line. Also, what are…
The oil market cooled down for the first time in the past several weeks as WTI and Brent declined by 1.4% and 1.3%, respectively. The difference of Brent oil over WTI remained steady last week; the premium ranged between $7.37…
BP plc (NYSE:BP) has recently entered into an agreement to supply 1.5 million tonnes of liquefied natural gas over 20 years to China National Offshore Oil Corporation. This deal is expected to generate $20 billion for BP. It will also…
The energy commodities markets cooled down during last week as oil and natural gas prices changed course and fell. Precious metals remained virtually unchanged. This week, in the U.S several economic reports will be published including non-farm payroll, manufacturing and…
Last week’s FOMC meeting concluded with more dovish tone than many had expected. This news may have contributed to the recovery of precious metals and slightly rally of the USD. This week, several key reports will be released that could…
The prices of crude oil continued their upward trend during last week as both WTI and Brent rose by 0.3% and 1.2%, respectively. The gap of Brent oil over WTI slightly widened again by the end of the week; the…
The oil market heated up in the past week following the fighting in Iraq, which has raised the uncertainty in the Middle East. As a result, both prices of oil including WTI and Brent rose by4.1% and 4.4%, respectively. The…
Leading commodities markets heated up again in the past week as the prices of precious metals, natural gas and oil rallied. This week, the main event of the week will revolve around the upcoming FOMC meeting and press conference. Several…