Crude oil prices started to rise again during last week. Further, the gap between Brent and WTI was also widened. The recent OPEC report and IEA monthly update showed that there was little change in OPEC’s production. The disappointing GDP…
Major commodities didn’t do much yesterday: Crude oil prices including both WTI and Brent edged up on Thursday; gold declined again for the third consecutive day, while silver rose for the second straight day. Natural gas Henry Hub (August delivery)…
Major commodities continue to zigzag: they changed direction again and after they had decreased on Tuesday, major commodities prices rose on Wednesday. Crude oil prices including both WTI and Brent bounced back on Wednesday. Gold and silver prices didn’t do…
Major commodities changed direction again and after they had increased on Monday, major commodities prices declined on Tuesday. The recent news of the end of the energy strike in Norway, one of the top oil producers in Europe, may have…
Major commodities bounced back from their sharp fall on Friday as many of them rose on Monday. Crude oil prices including both WTI and Brent rallied on Monday. Gold and silver prices also sharply increased yesterday. Natural gas Henry Hub…
Crude oil prices continued to zigzag from gains to losses. The recent ECB rate cut by 25pp to 0.75% its lowest rate may have contributed to the decline in oil prices via the Euro/USD exchange rate. The disappointing U.S non-farm…
Natural gas prices changed direction and for the first time in three weeks the future price declined. On the other hand the NG spot price continued to rise. Following these changes the difference between future and spot shifted from Contango…
Precious metals took another dive during the first week of July. This fall coincided with the decline in many other financial markets such as oil, U.S stocks etc. The two main events of the week that contributed to fall of…
Following the publication of another disappointing U.S employment report, the financial markets closed the week on a negative note: The Euro sharply fell again against the USD. Major commodities rates also declined including the Aussie dollar. Crude oil prices including…
The decision of ECB to cut the rate by 25pp to 0.75% caused the Euro to fall against the USD. Major commodities rates also fell. The on the other hand several rates such as the Aussie dollar slightly appreciated against…