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)…
Gold and silver prices, along with energy other commodities, ended the week on positive note and rose on Friday. Crude oil also edged up on the last day of the week. On the other hand the price of natural gas…
Natural gas market changed direction and after a sharp rise in prices during the past couple of weeks, natural gas future (June delivery) sharply declined on Friday. According to the recent NG storage update, there was a 77 bcf injection,…
Gold and silver prices, along with other commodities, changed direction and rose during yesterday trading. Crude oil was also traded up. On the other hand the price of natural gas future changed direction and tumbled down. The Euro continued to…
Gold and silver prices, along with other commodities, tumbled down during yesterday’s trading. Crude oil also plummeted; the price of WTI fell to its lowest level since mid October 2011. Natural gas future continued to trade up. The Euro fell again…
Natural gas prices continued to rise even though the U.S natural gas market doesn’t seem to pick up: during last week the demand edged down mainly in the residential/commercial sector while the total supply edged up mainly due to the…
Gold and silver prices continued their descent with no clear end in sight. Furthermore other commodities prices including crude oil also declined; natural gas future changed direction and hiked. The Euro sharply fell against the USD. Other exchange rates also…