Category: Crude Oil

Philly Fed Index Turned Positive in October

Today, the tenth survey of 2012 for the Philly Fed Manufacturing Index for October came out. This survey estimates the U.S. manufacturing conditions. According to the latest survey the conditions have improved again. Further, the index turned positive for the…

Where is The Price of Oil Headed?

Four Week Average Oil Production (Million Bld) weekly oil price 2011 2012

The price of oil experienced high volatility in the past couple of weeks. But despite this high volatility the price of oil remained close to its starting point from the beginning of month. Will this high volatility in the oil…

Oil Weekly Outlook For October 15-19

During last week, crude oil prices resumed their upward trend as the price of WTI oil and Brent oil increased. OPEC’s monthly report showed there was a modest decline in OPEC’s oil production; according the IEA, the projected growth in…

Weekly Outlook of Financial Markets for October 15-19

During last week, the major commodities prices remained nearly unchanged. Several reports that may have affected forex and commodities prices: the U.S PPI rose by 1.1% during September; U.S jobless claims dropped by 30k to 339k. These news items may…