Category: Crude Oil

U.S GDP Q3 2012 Grew by 2.7%

The bureau of economic analysis published today November 29th its second estimate of the growth rate of the U.S. Gross Domestic Product for the third quarter of 2012 and a first estimate for corporate profits. According to the recent report,…

U.S. New Home Sales Edged Down in October 2012

Today, the U.S. Census Bureau reported (opens pdf) on the changes in number of new homes sold in the U.S during October 2012: the number of new homes sales edged down compared with the number of new homes sold during September…

U.S. Consumer Confidence Rose Again in November

The U.S consumer confidence index rose again during November, after this index had risen during October. According to the recent U.S. consumer confidence survey, the consumer confidence index increased in November compared with October’s index: The index reached in November…

Oil Weekly Outlook For November 26-30

During last week, crude oil prices sharply rose, which coincided with the upward trend in other commodities and stock markets. The recent conflict in the Middle East may have had some short term effect on the volatility of oil markets.…