Retails and foods services sales changed direction from the previous month and slightly rose by 0.3% in November 2012 compared with October’s sales and were also above the sales at November 2011. The U.S. Department of Commerce (pdf file) published…
Many commodities prices rose on the third business day of the week following the recent FOMC decision to expand QE3 and purchase long term treasuries at a rate of $45 billion per month: WTI and Brent oil prices increased again…
The OPEC Summit was concluded with no big headlines. The ministers have decided to keep OPEC’s quota unchanged at 30 million bbl/d. Currently, OPEC’s production is roughly 30.8 million bbl/d. According to the December report by the IEA – International…
Many commodities prices moved in a mixed trend on the second business day of the week as many commodities investors are plausibly awaiting for the announcement of the FOMC tomorrow: WTI and Brent oil prices slightly increased yesterday; the prices…
According to the latest December report published by the Organization of the Petroleum Exporting Countries regarding the recent changes in the crude oil market for November, the OPEC oil production slightly declined again during November compared with October’s oil production.…
Many energy commodities prices declined on the first business day of the week while precious metals rose: WTI oil declined while Brent oil prices slightly rose yesterday; the prices of gold and silver, on the other hand, rose again on…
During last week, crude oil prices moved with an unclear trend. According to the recent EIA report, the oil stockpiles rose by 5.9MB. During last week, WTI oil fell by 3.35%; Brent oil, by 3.8%. As a result, the gap…
During last week, major commodities were traded mostly down including oil, natural gas, silver and gold. Will commodities change direction and rally this week? The highly anticipated FOMC meeting will be held next week and could sharply affect commodities prices…
Crude oil prices moved with an unclear trend during last week as Brent edged down while WTI oil slightly rose. U.S stockpiles rose according to the recent EIA report. The gap between Brent and WTI slightly narrowed to the $20-$22…
Yesterday, the non-farm payroll report came out, in which the employment rose by 146k – higher than expected – alas it didn’t seem to affect much the commodities prices. Several energy commodities prices declined on the last business day of…