Crude oil prices rose during last week but only slightly. WTI oil price continues to dwell in the $102-$104 range and Brent oil at the $117-$121 range. The major news last week came from the U.S including: The FOMC didn’t…
Natural gas prices changed direction and rose during last week after they had sharply declined during most of the month. This recovery comes after oil prices remained at their same range during recent weeks. There weren’t major shifts in the…
Bullion prices, as many other commodities prices, didn’t do much on a weekly scale. Perhaps many traders continue to anticipate for next week’s FOMC meeting that might stir up the markets, especially if there will be big headlines. In the…
Crude oil prices didn’t move much on a weekly scale; however it was noteworthy to see how Brent oil price declined throughout most of the week while WTI oil price edged up. Even the WTI oil future price (May delivery)…
Natural gas prices continued their downward trend with no clear end in sight. Having said that, natural gas didn’t decline throughout the week; it started off the week with little movement much like other commodities prices. Furthermore, the gap between…
Crude oil prices started off the week falling on account of the markets’ response to the recent U.S non-farm payroll report. Major commodities bounced back during Wednesday and Thursday only the finished the week falling again probably due to disappointing…
Natural gas prices resumed to fall precipitately during last week. Furthermore, the gap between future and spot didn’t expand but it remained in Contango and reached by the end of the week $0.12/mmbtu. According to the recent NG storage report,…
Gold price started off the week strong as the concerns over the Debt crisis in Europe rose. This time, Spain and Italy were in the headlines. The week also started after Easter and Good Friday was celebrated over the weekend.…
Gold and silver prices continued to dwindle with an unclear trend during the last week of March and thus both metals ended the month with slight falls on a monthly scale: gold price edged down by 2.3% and silver price…
Crude oil prices continue to shift with an unclear trend as many oil traders wait on the sidelined to see how the Iranian tension with the West will break down and will there be a supply shortage of crude oil.…