The recovery of the price of silver slowed down in the past week; it finished the week above the $21 mark – silver’s highest level since mid-March. But the upcoming non-farm payroll report could change the course of this precious…
The price of natural gas changed direction and dropped to its lowest level since mid-May. The recent injection to storage was higher than normal but is the current pace enough to bring the storage close to the normal level by…
The oil market cooled down for the first time in the past several weeks as WTI and Brent declined by 1.4% and 1.3%, respectively. The difference of Brent oil over WTI remained steady last week; the premium ranged between $7.37…
BP plc (NYSE:BP) has recently entered into an agreement to supply 1.5 million tonnes of liquefied natural gas over 20 years to China National Offshore Oil Corporation. This deal is expected to generate $20 billion for BP. It will also…
Gold and silver slightly rose last week and thus rallied in the past four consecutive weeks. During last week, the U.S GDP growth rate was revised down to -2.9%. This news may have contributed to the recovery of precious metals…
The energy commodities markets cooled down during last week as oil and natural gas prices changed course and fell. Precious metals remained virtually unchanged. This week, in the U.S several economic reports will be published including non-farm payroll, manufacturing and…