The prices of crude oil (WTI and Brent) fell during last week: WTI declined by 4.25%; Brent oil slipped by 3.24%. As a result, the gap between the Brent oil and WTI slightly expanded; the difference between Brent and WTI…
Is the golden era of gold and silver behind us? Last week’s sharp fall in the prices of gold and silver might suggest so. Their tumble coincided with the decline of other commodities including oil, U.S equity markets and leading…
Natural gas market continues to ease down as the demand for natural gas is slowly declining mainly in the residential/commercial sector. During the week, short term future price of natural gas (July delivery; Henry Hub) fell by 2.68%. Based on…
The two main events of the past couple of days may have contributed to the sharp fall of equities and commodities. These events include: The FOMC hinting it may ease down QE3 in the coming months; China’s credit squeeze, in…
Gold and silver remained flat during most of the day but the latest press conference of the Fed stirred up the forex markets. Gold and silver are currently trading sharply down – gold fell below the $1300 mark for the…
The Fed left its policy unchanged for June. Nonetheless, in the press conference that followed Chairman of the Fed, Ben Bernanke, said the Fed may start to scale back its current $85 billion a month of long term securities by…