Oil has tumbled down in recent weeks and in the process it dragged along with it many energy stock prices including the leading energy stock Chevron Corporation (CVX). Oil prices and by extension United States Oil (USO) has lost over…
The commodities markets continued to cool down including gold and silver markets after Bernanke put a wet blanket on the renewed speculations revolving the possibility of the Fed to introduce another stimulus plan in the near future. In the mean…
Crude oil prices bounced back during last week after they had tumbled down a week earlier. On Thursday Bernanke testified in the Senate; he voiced his concerns around the European debt crisis as it may affect the U.S economy but…
Gold price bounced back yesterday from its plunge on Thursday; silver on the other hand edged down; Crude oil price (WTI) also declined on Friday, while Brent oil slightly rose. Furthermore, the price of natural gas (future) increased while the…
Crude oil prices bounced back from their tumble during the previous week. On Thursday Bernanke testified in the Senate; he voiced his concerns around the European debt crisis as it may affect the US economy but he didn’t say he has any…
Despite the exceptions of many for a more “pro-stimulus” testimony by the Chairman of Fed especially after the recent disappointing U.S non-farm payroll report came out on Friday, there weren’t any hints for QE3; Bernanke dropped a wet blanket on…
Precious metals have changed direction and after Bernanke kept the Fed’s policy unchanged and didn’t hint of any future plans to introduce any additional monetary stimulus plans gold and silver tumbled down. Crude oil prices also declined on Thursday. Furthermore,…
Gold and silver sharply increased yesterday much like many other commodities and forex indexes. Crude oil prices also rose on Wednesday. Furthermore, the price of natural gas (future) changed direction and slipped. The Euro sharply appreciated against the USD. Several…
In this week’s petroleum and crude oil weekly update by the Energy Information Administration, there is an analysis on the U.S oil inventories. The total U.S oil and petroleum stockpiles rose during last week by 6.8 million bl. On the…
The price of oil is starting to pick up again but natural gas is resuming its descent. In the mean time Chesapeake Energy Corporation (CHK) might be on a verge of selling its pipeline to finance its funding problems; Exxon…