Today, the sixth survey of 2012 for the Philly Fed Manufacturing Index for June came out: this survey estimates the U.S. manufacturing conditions that continued to contract during the month; the Philly Fed index fell from -5.8 in May to…
The price of oil continues to fall and within two months it declined by nearly $20. This downward trend continues. At the same time, the leading energy companies including Mobil Corporation (NYSE: XOM) and Chevron Corporation (NYSE: CVX) didn’t seem…
Gold and silver prices continued to dwindle as both precious metals edged down on Tuesday. Crude oil price (WTI) changed direction and rose yesterday while Brent oil edged down. Natural gas Henry Hub (July delivery) plunged while the spot price…
In this week’s petroleum and crude oil weekly report by the Energy Information Administration, the imports of gasoline into the U.S was analyzed. The report shows that imports were sluggish in recent months possibly due to shifts in supply &…
Gold and silver prices started off the week on a negative note as both precious metals edged down on Monday. Crude oil price (WTI) also declined. Natural gas Henry Hub (July delivery) continued to rally and hiked again. The Euro…
OPEC’s 161st meeting was held last week; according the press release, OPEC ministers agreed to maintain the current oil production in 2012, i.e. the production ceiling will remain at 30 Mb/d. Some already speculate Saudi Arabia may cut its oil…
Crude oil prices didn’t do much last week as the WTI nearly didn’t change on a weekly scale, while Brent oil declined by over 2%. The Brent premium over WTI edged down to $13-$14 range. The recent OPEC meeting was…
The Greek elections will be held on Sunday and the aftermath of these elections could stir up the financial markets. Over the weekend the IMF urged Europe to help Irish banks. The main event of the week besides the Greek…
Crude oil continued to trade down during the previous week. The news from the U.S showed the U.S economy isn’t expanding: U.S retail sales edged down in May; U.S CPI and PPI also declined. OECD oil inventories also increased while…
Gold and silver prices finished the week on a positive note as both precious metals edged up on Friday. Crude oil price (WTI) also edged up, while Brent oil declined. Natural gas Henry Hub (July delivery) slipped, while the spot…