During last week, crude oil continued their downward trend, which coincided with the appreciation of the USD against the Euro and Canadian dollar. The oil stockpiles changed direction and rose during last week by 3.9 M bl. During the previous…
During last week, major commodities prices fell again; this includes oil, natural gas, silver and gold. Will this trend continue this week? The FOMC meeting concluded, as expected, with no changes to the Fed’s monetary policy. Several reports may have affected…
Crude oil prices declined again during last week. The recent positive news of the rise in the U.S GDP by 2% during the third quarter seems to only slightly affect oil prices. The difference between Brent and WTI rose during…
Natural gas (short term delivery) and spot price declined during most of last week. Following these shifts the difference between future and spot contracted but remained in Contango throughout most of the week. The NG storage increased again at a…
Precious metals rates slightly declined during last week. The FOMC meeting concluded, as expected, with no resolutions or any big headlines. Therefore, the FOMC statement didn’t have much of an impact on gold and silver prices. There were several reports…
Major commodities prices traded in a mixed trend on the last day of the week: WTI and Brent oil increased again yesterday; the prices of silver and gold edged down on Friday; natural gas Henry Hub future (November delivery) declined…