Oil prices (WTI and Brent) changed course and dropped during last week. WTI oil fell by 3.6%; Brent oil, by 0.40%. As a result, the difference of Brent oil over WTI widened: The premium ranged between $6.96 and $10.03. Last…
Leading energy commodities dropped, while precious metals rallied during the past week. The US dollar depreciated against leading currencies such as Euro and Japanese yen during last week. This week several reports, speeches and events will come to fruition including:…
Oil price (WTI and Brent) remained nearly flat during last week. WTI oil inched down by 0.01%; Brent oil, by 0.06%. As a result, the difference of Brent oil over WTI moderately narrowed: The premium ranged between $5.97 and $6.42.…
The commodities markets rallied mainly at the end of the week including stocks and energy commodities following the publication of the U.S NF payroll report, in which a higher than anticipated number of jobs were added in February. This week…
The natural gas market has heated up in the first quarter of 2014. Despite this rally, Devon Energy (NYSE:DVN) won’t benefit from it as much as it could have because of its decision to shift from natural gas to oil…
Oil price (WTI) slightly rose during last week. WTI oil inched up by 0.4%; Brent oil slipped by 0.8%. As a result, the gap of Brent oil over WTI narrowed again: The premium ranged between $6.48 and $7.82. Last week,…
The commodities markets slowed down last week; in the forex market the U.S dollar slightly depreciated against the Euro. This week will be packed with many news items, decisions, reports and events that could affect the commodities and forex markets.…
Oil price (WTI and Brent) resumed its rally during last week. WTI oil increased by 1.9%; Brent oil, by 1%. As a result, the gap of Brent oil over WTI slightly narrowed: The premium ranged between $7.16 and $8.43. Last…
The commodities markets continued to recover last week; in the forex market the Euro slightly appreciated against the USD. This week several reports will come out and may affect commodities, equities and forex markets; these include: EU economic outlook, U.S…
Chevron (NYSE: CVX) and Exxon Mobil (NYSE: XOM) didn’t impress their investors following the publication of their earnings for the last quarter of 2013 and outlook for 2014. Given the decline in their stocks’ prices in the past several weeks, is…