The prices of precious metals spiked on Thursday along with the rest of the market including crude oil, stocks and Euro. The recent ECB meeting and press conference that followed may have contributed to this rally. But the following day,…
The recent decision of ECB to keep the short term interest rates unchanged along with Mario Draghi’s reassuring speech about the future progress of the EU in 2013 may have helped rally not only commodities prices but also the Euro/USD…
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…
In recent weeks the prices of natural gas has changed direction and declined. The current price is still higher than the price of natural gas during the same time last year. Will natural gas continue to fall and perhaps even…
Crude oil prices remained nearly unchanged during last week. The U.S stockpiles changed direction and rose according to the recent EIA report. The gap between Brent and WTI contacted again to a range between $17 and $19 during last week.…
Natural gas (short term delivery) started off the week falling but then changed course and rallied on the last couple of days of the week on account of the higher draw from storage than many had anticipated. According to the…