The Fed left its policy unchanged for May. The FOMC concluded its two day meeting on May 1st. Based on the recent FOMC statement, The Fed decided to continue its asset purchase program that includes purchasing agency mortgage-backed securities at…
Major commodities prices tumbled down on the third business day of the week: the prices of Brent and WTI oil plunged on Wednesday; natural gas Henry Hub future (short term delivery) also declined yesterday; silver and gold prices changed direction…
Major commodities prices increased again on the first business day of the week: the prices of Brent and WTI oil rose on Monday; natural gas Henry Hub future (short term delivery) spiked yesterday; silver and gold prices changed direction and…
Major commodities including oil, gold and silver rallied last week after they had tumbled a week earlier. Equities and forex markets haven’t done much during last week. The focus of attention might shift back to forex as many important meetings…
The prices of crude oil (both WTI and Brent) rallied during most of last week: WTI spiked by 5.67%; Brent oil, by 3.52%. As a result, the gap between the Brent oil and WTI contracted again; the difference between Brent…
The recent recovery of natural gas hasn’t passed by Chesapeake Energy (NYSE: CHK). Shares of the company rose by 16% since the beginning of the year. The company is not out of the woods just yet but will its shares…
The bureau of economic analysis published today April 26th its first estimate of the growth rate of the U.S. Gross Domestic Product for Q1 2013. Based on the recent report, U.S output of goods and services growth rate rose by…
Leading commodities prices bounced back and rose on the third business day of the week: the prices of Brent and WTI oil changed direction and sharply rose on Wednesday; natural gas Henry Hub future (short term delivery) continued to trade…
Leading commodities prices changed direction and fell on the second business day of the week: the prices of Brent and WTI oil edged down on Tuesday; natural gas Henry Hub future (short term delivery) tumbled down again yesterday; silver and…
The price of oil plunged during April. Will oil prices recover from its recent tumble and rally to the $100 mark? How will the shifts in the price of oil affect leading refinery companies? Let’s examine the recent developments in…