The price of oil changed direction and tumbled during the week after it had increased during most of August and the first couple of weeks of September. What could have caused such a rapid shift in the oil market? Will…
Will Oil Continue Its Tumble?
Natural Gas Price– Weekly Recap September 17-21
Natural gas (short term delivery) and spot price started off the week falling but by Thursday they have changed direction and rallied until the end of the week. Following these changes the difference between future and spot was in Contango…
Gold and Silver Prices – Daily Outlook September 21
The prices gold and silver remained nearly unchanged for the fifth consecutive business day after they had increased precipitately during the first couple of weeks of September. The depreciation of the Euro along with other “risk currencies” may have curbed…
Natural Gas Storage Hiked by 67 Bcf– September 20th
Natural gas prices continued to rally during most of last week, but during this week they have changed direction and tumbled down. The total NG demand declined last week mainly due to the drop in the demand in the power…
Philly Fed Index Improved Again in September
Yesterday, the ninth survey of 2012 for the Philly Fed Manufacturing Index for September was published. This survey estimates the U.S. manufacturing conditions. According to the recent survey the conditions have slightly improved again but the index was still negative…
Oil and Gold Slipped Again on Thursday– Recap September 20th
Major commodities traded in a mixed trend on Thursday: WTI oil edged down while Brent oil hiked after it had declined for three consecutive days; gold slipped while silver declined; natural gas Henry Hub future (October delivery) and spot price…