Crude oil prices started the week with very sharp falls that changed to gains throughout the rest of the week. Further, the premium of Brent over WTI also expanded. The news of the decline in new home sales and pending…
The bureau of economic analysis published today July 26th its first estimate of the growth rate of the U.S. Gross Domestic Product for the second quarter of 2012. According to the recent update U.S output of goods and services expanded…
The Euro rose again for the second consecutive day; this time the ECB President’s statement about preserving the Euro may have contributed to the recovery of the Euro during yesterday. Most major commodities also rose during yesterday’s trading: crude oil…
According to the recent monthly report of the U.S. pending homes sales, which was published yesterday July 26th by the National Association of Realtors, the real estate market has shifted again as pending home sales declined during June: the U.S.…
Most major commodities changed direction and rallied during yesterday’s trading: crude oil prices including WTI and Brent oil increased; gold and silver prices also rallied as both precious metals hiked. Natural gas Henry Hub (August delivery) tumbled down while spot…
According to this week’s petroleum and oil weekly update prepared by the Energy Information Administration, there is an analysis and update on the status of East Coast Refineries. During last week there was a sharp rise in the U.S stockpiles:…
Oil Prices bounced back from last month’s tumble. During July, the price of WTI oil rose by 7.6%; United States Oil (NYSEMKT:USO), by 7.4%. The recent decline in the Euro/USD may have curbed the rise in oil prices. The fundamentals…
Most major commodities didn’t do much during yesterday’s trading: crude oil (WTI) price edged up while Brent oil declined; gold price edged up while silver slipped. Natural gas Henry Hub (August delivery) and spot price continued to trade up.…
Today, the U.S. Census Bureau reported the change in number of new homes sold in the U.S during June 2012: the number of new homes sales decreased compared with the number of new homes sold during May 2012. According to…
Crude oil prices including WTI and Brent tumbled down during the first day of the week. This was the second consecutive business day in which oil rates declined. Natural gas Henry Hub (August delivery) and spot price continued to rally.…