Category: Crude Oil

Weekly Outlook of Financial Markets for February 4-8

Major commodities prices including oil, gold and silver continued to trade up during last week while certain other commodities such as natural gas fell. Next week several reports, decisions and events may affect the financial markets. These include: ECB and…

Oil Weekly Outlook For February 4-8

During last week, crude oil price continued their upward trend: WTI oil rose by 1.97%; Brent oil, by 3.07%. As a result, the gap between the Brent oil and WTI widened; the difference between Brent and WTI ranged between $16…

U.S GDP Q4 2012 Unexpectedly Fell by 0.1%

The bureau of economic analysis came out today January 30th with its first estimate of the growth rate of the U.S. Gross Domestic Product for the fourth quarter of 2012. According to the latest update, U.S output of goods and…