Here is a weekly review for the week ends on December 23rd of the U.S. oil and petroleum market: Crude oil Stockpiles U.S. petroleum and crude oil stockpiles changed direction again and increased during last week by 3.1 million barrels, or by 0.18%.…
Natural gas prices continued to show weakness and sharply declined during recent weeks. On the other hand natural gas storage level continues to drop, even though the levels are still above the levels recorded in past years. Here is a…
Major commodities prices took a dive yesterday after crude oil prices had rose during the past six consecutive business days. Gold and silver prices also plummeted yesterday. The sharp fall in major commodities prices was probably stemmed, in part, from…
Major energy commodities prices started the last week of 2011 with sharp gains as crude oil and natural gas prices increased . On the other hand, gold and silver prices continued to decline. Major currencies such as Euro and AUD slightly…
Natural gas prices didn’t recover from the sharp falls of past months and during December they also declined. Furthermore, during December natural gas prices have unperformed not only compared with recent months’ prices, but also compared with previous years’ price…
Gold and silver prices changed direction very sharply throughout 2011: despite the sharp gains of gold and silver prices up until September, precious metals prices changed direction during the last quarter of the year and plummeted in a very short…
During this passing week, gold and silver prices had a slow week after they recorded one of their worst performances in 2011 a week earlier. The U.S. GDP growth rate in the third quarter was revised down again and may…
Major commodities prices didn’t move on the last day of the week in the same direction as gold price slightly slipped, while silver price moderately inclined; crude oil prices slightly rose, while natural gas (Henry Hub) prices sharply declined.…
Crude oil prices recovered from the sharp drop during the previous week, changed direction during and promptly climbed up during the week. The recent news from the U.S. of the improvement in the housing market including the gains in the…
Natural gas prices started the week with moderate gains, but by the end of the week natural gas prices sharply declined and thus eliminated all the gains at the beginning of the week. Here is a short review of the…