The prices of oil (WTI and Brent) bounced back during last week: WTI rose by 1.48%; Brent oil, by 1.01%. As a result, the gap of Brent oil over WTI slightly contracted: The premium ranged between $5.09 and $6.04. According…
The prices of oil (WTI and Brent) fell again during the past week: WTI slipped by 1.72%; Brent oil, by 0.54%. As a result, the gap of Brent oil over WTI slightly widen: The premium ranged between $4.57 and $6.18.…
Despite the high volatility in the commodities markets, gold and silver didn’t do much on a weekly scale as both precious metals rallied; on the other hand, oil and natural gas changed direction and fell during last week. The highly…
Oil prices (WTI and Brent) tumbled down again during last week: WTI fell by 3.27%; Brent oil, by 3.16%. As a result, the spread of Brent oil over WTI remained nearly unchanged: The premium ranged between $2.53 and $5.73. Based…
Following yesterday’s FOMC meeting, in which it was decided to maintain $85 billion a month asset purchase program. From the FOMC’s statement: “…the Committee decided to await more evidence that progress will be sustained before adjusting the pace of its…
Oil prices (WTI and Brent) changed direction and declined last week: WTI decreased by 2.10%; Brent oil, by 2.88%. As a result, the spread of Brent oil over WTI shrank again: The premium ranged between $3.86 and $4.57. The sharp…
Leading commodities prices have changed direction and tumbled down during last week: Oil, gold and silver plummeted last week after they had rallied during most of August. The highly anticipated FOMC meeting will take place this week and could stir…
Retails and foods services sales edged up again for the ninth time in ten months; during August 2013, the index inched up by 0.2% compared with July’s sales and was also well above the sales recorded during August 2012. Yesterday,…
Oil prices (WTI and Brent) rose again last week: WTI increased by 2.68%; Brent oil, by 1.85%. As a result, the spread of Brent oil over WTI contracted: The premium ranged between $5.59 and $7.68. The drop in Libya’s oil…
Several commodities continued their general upward trend: Last week, leading commodities including oil and silver rose again. Conversely, some other commodities such as gold and natural gas changed direction and fell. In the forex market, leading currencies including Aussie dollar…