Crude oil prices demonstrated an unclear trend during last week as both WTI and Brent oil shifted from rises to falls throughout the week. The difference between Brent and WTI declined again during last week. The oil stockpiles fell during…
The price of oil hiked in the past couple of months. During August the price of WTI oil rose by 9.6%; United States Oil, by 9.8%. The recent rally of the Euro/USD may have contributed to the rise in oil…
The U.S. employment rose by a lower rate than many had anticipated during August: according to the latest U.S. employment report, which was published today, September 7th by the Bureau of Labor Statistics the number of non-farm employees expanded by…
Major commodities traded again in a mixed trend during Thursday: WTI oil price rose again while Brent oil price decreased; on the other hand, gold and silver bounced back and rose yesterday; natural gas Henry Hub future (October delivery) declined…
According to the latest petroleum and oil weekly report prepared by the Energy Information Administration, there is an analysis on the consumption in gasoline which has remained nearly unchanged in recent years. During last week there was a decline in…
Major commodities traded in a mixed trend during Wednesday: WTI oil price edged up while Brent oil price declined; further, gold and silver changed direction and decreased yesterday, after they had risen for two consecutive business days; natural gas Henry…
Major commodities traded in a mixed trend during the first day after the American National Holiday: WTI and Brent oil prices  declined; on the other hand, gold and silver rose again for the second consecutive business day; natural gas Henry…
Yesterday, the U.S. Manufacturing ISM report was published; according to the recent update, the U.S. Manufacturing PMI index edged down to 49.6% during August 2012. The U.S. Manufacturing PMI is an index that estimates the economic progress of the U.S.…
There was no trading on Monday at Nymex or CME due to the an American National Holiday (Labor day): Brent oil edged up on the first trading day of the month; gold and silver remained unchanged but were traded up…
During last week, the prices of precious metals rallied mainly on the last day of the week following Ben Bernanke’s speech that rekindled the expectations of another QE program in the near future. I still think it’s too early to…