Oil price (WTI and Brent) didn’t do much during last week. WTI inched up by 0.2%; Brent oil slipped by 0.6%. As a result, the difference of Brent oil over WTI slightly contracted again: The premium ranged between $7.36 and…
Oil Outlook for May 12-16
Category: Weekly Forecast
Gold and Silver Forecast for May 5-9
Gold and silver slowly declined during last week only to bounce back on Friday soon after the U.S non-farm payroll report showed a 288k gain in jobs; the unemployment dropped to 6.3%. The FOMC decided earlier last week to taper…
Financial Market Forecast for May 5-9
The commodities markets mostly rallied following the positive release of the U.S NF payroll report, in which 288k jobs were added during April. This week several reports, decisions and events will take place including: ECB, BOE and RBA rate decisions,,…
Oil Outlook for May 5-9
Oil price (WTI and Brent) declined during last week. WTI slipped by 0.8% and Brent oil by 0.9%. As a result, the gap of Brent oil over WTI didn’t change much: The premium ranged between $7.28 and $8.83. Last week,…
Gold and Silver Forecast for April 28 – May 2
Gold and silver moved sideways during the previous week only to slightly rise on a weekly scale. The economic reports that were released last week showed a modest slowdown in the U.S and may have contributed to the modest rise…
Oil Outlook for April 21-25
Oil prices (WTI and Brent) rose again last week. WTI and Brent oil increased by 0.5% and 2%, respectively. As a result, the difference of Brent oil over WTI widened: The premium ranged between $5 and $5.23. Last week, the…
Gold and Silver Forecast for April 21-25
The precious metals market cooled down last week. Last week, the FOMC Chair Janet Yellen talked about the Federal Reserve’s policy and reassured that the Fed will maintain the low rate even if the U.S economy reaches the FOMC’s targets…
Financial Market Forecast for April 21-25
The energy commodities markets mostly heated up including oil and natural gas; precious metals cooled down following the positive reports from the U.S regarding this economy’s progress; in the forex market the USD rallied against leading currencies including Euro and…
Will Natural Gas Keep Rising?
The natural gas bounced back during last week. United States Natural Gas (UNG) also recovered. According to the latest U.S Energy Information Administration weekly update, last week’s natural gas injection was the first one in twenty weeks; it was still…
Oil Outlook for April 14-18
Oil prices (WTI and Brent) bounced back last week. WTI and Brent oil rose by 2.6% and 0.6%, respectively. As a result, the difference of Brent oil over WTI narrowed again: The premium ranged between $3.6 and $5.4. Last week,…