During last week, crude oil prices remained nearly unchanged. According to the recent EIA report, oil stockpiles rose by 10.9MB. During last week, WTI oil rose by 0.5%; Brent oil declined by 0.6%. As a result, the gap between the…
During last week, the high volatility in the financial markets returned following the New Year’s holiday. Soon after the fiscal cliff was averted, the markets rallied. Soon after, however, certain markets such as precious metals resumed their downward trend. The…
During last week, crude oil prices rose following the optimism in markets as U.S policymakers were able to avert the fiscal cliff. According to the recent EIA report, oil stockpiles declined by 10MB. During the previous week, WTI oil rose…
The prices of gold and silver edged down during the previous week. As the year is winding down, the clock is still ticking on the fiscal cliff. Up to now, the White House and Congress didn’t progress towards a viable…
During the previous week, major commodities remained mostly unchanged as the markets slowed down due to the Holiday. Even the uncertainty around the fiscal cliff didn’t seem to affect the foreign exchange and commodities markets. Last week several U.S reports…
During the past couple of months, the price of oil has slightly increased. Despite the recent rally in oil prices, they are still down for the year by nearly 8%. The ongoing rise in the oil production and stockpiles along…
The prices of gold and silver fell during last week. As the year is winding down and the concerns revolving the fiscal cliff might result in a rise in the volatility of precious metals. Furthermore, in the past couple of…
During last week, major energy commodities changed direction and rallied while precious metals continued to trade down. Last week several U.S reports were published: U.S GDP for the third quarter was revised up to a growth rate of 3%; the…
During last week, crude oil prices rose again despite the downward trend of certain “risk currencies” such as Canadian dollar and Aussie dollar against the USD. Based on the latest EIA report, oil stockpiles fell by 1.9MB. During the previous…
The prices of gold and silver continued their downward trend throughout most of last week. The concerns regarding the fiscal cliff is among the reasons the FOMC decided to expand QE3 by purchasing long term treasuries securities at a pace…