Oil prices (WTI and Brent) bounced back last week. WTI and Brent oil rose by 2.6% and 0.6%, respectively. As a result, the difference of Brent oil over WTI narrowed again: The premium ranged between $3.6 and $5.4. Last week,…
The commodities markets heated up as oil, natural gas and precious metals rallied during last week. This week several reports, speeches and publications will come to fruition including: U.S retail sales, China’s GDP for the first quarter, Janet Yellen’s speech,…
Chesapeake Energy (NYSE: CHK) has recently sold its subsidiary’s midstream compression assets for roughly $520 million. This sale is on top of the other assets the company plans to sell this year, which are expected to generate around $650 million . Was…
Oil prices (WTI and Brent) changed direction and declined last week. WTI and Brent oil slipped by 0.5% and 1.2%, respectively. As a result, the gap of Brent oil over WTI contracted again: The premium ranged between $5.2 and $6.2.…
The commodities markets recovered mainly at after the U.S NF payroll report showed a rise of 192k in jobs during March. This week several reports and events will take place including: G20 Summit, U.S JOLTS Job Openings, China’s CPI, minutes…
Oil prices (WTI and Brent) rallied last week. WTI and Brent oil rose by 2.2% and 1.1%, respectively. As a result, the difference of Brent oil over WTI narrowed again: The premium ranged between $6.4 and $7.46. Last week, the…
The precious metals market cooled down again last week; energy commodities prices rallied; in the forex market the U.S dollar slightly appreciated against the Euro and Japanese yen and dropped against the Aussie dollar and Canadian dollar. This week many…
The rise in the price of oil (WTI) has also pressured up gasoline prices. They are currently around the $3.5 per gallon mark . Despite the recent rally of gasoline prices, they are likely to come down in the coming months.…
Oil price (WTI) slightly recovered last week as it rose by 0.6%. On the other hand, Brent oil dropped by 1.5%. As a result, the gap of Brent oil over WTI narrowed: The premium ranged between $5.48 and $10.46. Last…
The commodities markets mostly cooled down including natural gas and precious metal; in the forex market the Euro and Aussie dollar depreciated against the USD. This week several reports will be released and may affect commodities, equities and forex markets;…