Oil price (WTI and Brent) rose again last week: WTI increased by 1%; Brent oil, by 0.37%. As a result, the gap of Brent oil over WTI slightly narrowed: The premium ranged between $11.86 and $12.68. Last week, the EIA’s…
The holiday season will continue next week, which means only a few reports will be released during the week. Nonetheless, the forex and commodities markets could demonstrate high volatility due to the low volume of trade. This week several reports…
The price of oil is climbing back to the $100 mark. The recent developments in the oil market might push oil prices to hover over $100 in the near future. Let’s examine the recent developments in the oil market and…
During last week, the markets moved in high gear as the anticipated FOMC meeting concluded with a mini-tapering of $10 billion so that next month’s QE3 will only be of $75 billion LTS and MBS. Moreover, the FOMC also assured…
Oil price (WTI and Brent) rallied last week: WTI rose by 1.8%; Brent oil, by 2.82%. As a result, the gap of Brent oil over WTI slightly expanded: The premium ranged between $11.83 and $13.19. Last week, the EIA’s weekly…
Oil price (WTI and Brent) changed direction and fell last week: WTI declined by 1.08%; Brent oil, by 2.49%. As a result, the gap of Brent oil over WTI contracted: The premium ranged between $10.87 and $13.96. Last week, the…
The financial markets remain poised for the upcoming FOMC meeting, in which it will be decided whether the FOMC would announce of tapering QE3. The current expectations from analysts are that the Fed is likely to do so and start…
Oil price (WTI and Brent) changed direction and rose last week: WTI spiked by 5.32%; Brent oil, by 1.75%. As a result, the gap of Brent oil over WTI contracted: The premium ranged between $13.6 and $17.63. Last week, the…
The commodities markets shifted gear as energy commodities such as oil and natural gas rallied, while precious metals such as gold and silver tumbled down. The U.S reports that were published last week including GDP, NF payroll, manufacturing PMI, and…
Gold and silver changed course again and plummeted on Thursday. This time nearly erased all their gain from Wednesday. This erratic behavior is likely to continue today especially as the NF payroll report is released. The ADP estimated 215k jobs…