Following the recent developments in the Greece in which it was decided there will be elections on June 17th the Euro took a dive and was traded down most of the week against the USD. The recent publications from the…
Weekly Outlook for May 21- 25
Category: Crude Oil
Crude Oil Prices – Weekly Outlook May 21-25
Crude oil prices continued their downward trend during most of last week. The Brent premium over WTI slightly increased again to the $15 -$17 range. During the upcoming week there are several reports and publications that may affect the oil…
Gold and Silver Ended the Week Rising–Recap May 18th
Gold and silver prices continued their rally and ended the week on a positive note. Crude oil (WTI) on the other hand continued its descent; natural gas future spiked. The Euro also changed direction and traded up against the USD.…
Crude Oil Prices – Weekly Recap 14-18 May 2012
Crude oil prices continued their downward trend as both Brent and WTI were traded down during most of the week. The disappointing news of the drop in the Philly Fed index may have been among the factors to drag down…
Gold and Silver Bounced Back on Thursday–Recap May 17th
Gold and silver prices changed direction and bounced back during yesterday’s trading. The recent disappointing news of the drop in the Philly Fed Index may have been among the factors to drag down energy commodities prices: Crude oil (WTI) continued…
Philly Fed Index Thumbed Down in May
Today, the fifth survey of 2012 for the Philly Fed Manufacturing Index for May was published: this survey estimates the U.S. manufacturing conditions changed direction from growth to contraction during May; the Philly Fed index tumbled down from +8.5 in…
Oil Stockpiles Rose Again by 2.8MB– May 16
In this week’s petroleum and oil weekly update done the Energy Information Administration, it was stated that the current crude oil inventories located at the Cushing, Oklahoma storage hub are at a record high levels of 45.1 million barrels. The…
Gold and Silver Tumbled Down on Wednesday–Recap May 16th
The recent news from Greece is that there will be elections on June 17th. The housing starts rose by 2.6% in April. This news along with the recent developments in Europe may have been among the factors to further drag…
Gold and Silver Edged Down on Tuesday–Recap May 15th
The recent developments in Europe including the higher than expected growth rate of Germany’s GDP by 0.5%, and the news that Greece is heading towards another elections, left the Euro falling again against the USD. Gold and silver prices continued…
U.S Housing Starts Increased by 2.6% in April 2012
According to the latest U.S. Census Bureau report about the new residential construction statistics for April 2012 there was an increase in housing starts but a decrease in building permits. Privately owned Housing starts rose in April 2012: the seasonally…