Category: News Feed

U.S. New Home Sales Rose again in May 2013

The U.S. Census Bureau reported (opens pdf) today on the changes in number of new homes sold in the U.S during May 2013: the number of new homes sales increased compared with the number of new homes sold during April…

Fed may scale down QE3 by the end of the year

The Fed left its policy unchanged for June. Nonetheless, in the press conference that followed Chairman of the Fed, Ben Bernanke, said the Fed may start to scale back its current $85 billion a month of long term securities by…

Natural Gas – Weekly Recap June 10-14

Natural gas market cooled down again during the week as short term future price of natural gas (July delivery) fell again during the previous week. By the end of the previous week, the Henry Hub future (short term delivery) declined…

U.S PPI Bounced Back by 0.5% in May – June Report

According to the latest producer price index monthly update, which was published yesterday, the PPI for finished goods sharply rose by 0.5% in May compared with April’s index. This report serves as an indicator for the developments in the U.S…

OPEC’s Oil Production Slightly Increased in May

According to the latest June report published by the Organization of the Petroleum Exporting Countries referring to the latest developments in the crude oil market during May, OPEC’s oil production slightly rose during the month compared with April’s oil production.…

ECB Left Policy Unchanged – Euro Rallies

The ECB President Mario Draghi decided to keep the ECB policy unchanged as the cash rate remained unchanged at 0.50%.  This decision came after many suspected the ECB might decide to lower its cash rate again or perhaps even introduce a…

Natural Gas Storage Rose by 111 Bcf – June 6th

Henry Hub Natural Gas storage and prices 2013

The prices of natural gas prices tumbled down during yesterday following the recent EIA report, in which the natural gas storage buildup was 111 Bcf. This news is likely to further pressure down the prices of natural gas as it…