Crude oil price fell again during the previous week. The U.S stockpiles slightly declined according to the recent EIA report. The difference between Brent and WTI has shrunk again to a range between $19 and $21 during the previous week.…
Natural gas (short term delivery) rose again during last week. Based on the recent natural gas storage report, the natural gas storage shrunk by a faster rate than the average five years did. Based on the latest EIA report, the…
Major commodities were traded down on the last business day of the week: the prices of Brent oil and WTI oil declined again on Friday; natural gas Henry Hub future (short term delivery) also fell yesterday; silver inched up while…
Yesterday, the U.S. Manufacturing ISM update came out; based on the recent report, the U.S. Manufacturing PMI index increased again to 54.2% during February 2013. The U.S. Manufacturing PMI is an index estimates the economic changes of the U.S. manufacturing…
Gold and silver continued to trade down for the second consecutive day. The recent news from U.S: GDP for Q4 expanded by 0.1%; this was a correction to the preliminary estimate in which the GDP was reported to have dropped…
Major commodities were traded mostly down on the penultimate business day of the week: the prices of Brent oil and WTI oil fell on Thursday; natural gas Henry Hub future (short term delivery), on the other hand, rose yesterday; silver…