In this week’s petroleum and oil weekly report by the Energy Information Administration, there is an analysis of the changing patterns in the U.S crude oil imports. The total U.S oil stockpiles increased during last week by 5.5 million bl.…
Gold and silver prices, unlike other energy commodities, increased on Wednesday. Crude oil tumbled down by over 3% (for both Brent and WTI). Furthermore, the price of natural gas (future and spot) also plummeted to its lowest level in over…
The bureau of economic analysis published today May 31st its second estimate of the growth rate of the U.S. Gross Domestic Product for the first quarter of 2012. According to the recent update U.S output of goods and services expanded…
According to the recent U.S. pending homes sales monthly report, which was published today May 30th by the National Association of Realtors, the real estate market has shifted again as pending home sales decreased during April 2012; furthermore the U.S.…
Gold and silver prices, along with other commodities, started off the week on a negative note and declined on Tuesday. Crude oil edged down on the first trading day of the week. Furthermore, the price of natural gas future also…
The price of oil has sharply declined in recent weeks and by extension United States Oil (USO) has also tumbled down in recent weeks. In addition there is an ongoing decline in the stock price of Chesapeake Energy Corporation (CHK);…
The U.S markets weren’t open on account of Memorial Day, therefore many commodities weren’t traded. Brent oil edged again; Euro/USD changed direction and increased along with other currencies pairs such as the Aussie dollar to USD. Here is a summary…
The U.S consumer confidence index fell again during May, after this index has slightly declined during April. According to the recent U.S. consumer confidence survey, the consumer confidence index declined again in May compared with April’s index: The index reached…
Following the ongoing speculation regarding the future of Greece in the EU and the potential ramification it may have on the forex and commodities markets (see here for a review on the potential ramification a Grexit on the bullion market)…
Crude oil prices continued to decline during most of last week. The Brent premium over WTI slightly rose again to $17-$18 range. During the upcoming week there are several publications that may affect the oil market including the U.S non-farm…