Precious metals prices continued to present an unclear trend during most of the month. The fall and rise of Euro/USD coincided with the movement of precious metals prices. Will this unclear trend continue in August? The main events of the…
Precious metals started off the week in the same direction from the previous week – trading down. This direction changed coming Wednesday when both metals along with other commodities rates and “risk currencies” rose. The news of the contraction of…
Most major commodities rose during Friday: crude oil prices including WTI and Brent oil rose again; gold and silver prices didn’t do much as both precious metals edged up; natural gas Henry Hub (August delivery) and spot price declined again.…
Crude oil prices started the week with very sharp falls that changed to gains throughout the rest of the week. Further, the premium of Brent over WTI also expanded. The news of the decline in new home sales and pending…
Natural gas prices started off the week rising but soon after they have changed direction and tumbled down throughout the remainder of week. Following these developments the difference between future and spot shifted from Contango to Backwardation. The NG storage…
The Euro rose again for the second consecutive day; this time the ECB President’s statement about preserving the Euro may have contributed to the recovery of the Euro during yesterday. Most major commodities also rose during yesterday’s trading: crude oil…
Most major commodities changed direction and rallied during yesterday’s trading: crude oil prices including WTI and Brent oil increased; gold and silver prices also rallied as both precious metals hiked. Natural gas Henry Hub (August delivery) tumbled down while spot…
According to this week’s petroleum and oil weekly update prepared by the Energy Information Administration, there is an analysis and update on the status of East Coast Refineries. During last week there was a sharp rise in the U.S stockpiles:…
Most major commodities didn’t do much during yesterday’s trading: crude oil (WTI) price edged up while Brent oil declined; gold price edged up while silver slipped. Natural gas Henry Hub (August delivery) and spot price continued to trade up.…
Crude oil prices including WTI and Brent tumbled down during the first day of the week. This was the second consecutive business day in which oil rates declined. Natural gas Henry Hub (August delivery) and spot price continued to rally.…