Crude oil prices continued their upward trend during most of last week as both WTI and Brent oil prices rose on a weekly scale. Further, the gap between Brent and WTI also expanded during most of the week. The recent…
Natural gas prices started off the week rising but soon enough resumed their downward trend during the rest of the week. By Friday the Henry Hub (short term delivery) fell by nearly 1.8%. I have referred to the recent fundamental…
Gold and silver, much like many other commodities, rose again on Thursday and thus completed a second straight day of gains. The U.S housing starts declined during June while the number of building permits increased. U.S. jobless claims remained nearly…
Many commodities traded up again on Thursday: crude oil prices (WTI and Brent) rose yesterday for the third consecutive day; gold and silver rose for the second straight day; natural gas Henry Hub future (September delivery) and spot prices declined…
According to the recent petroleum and oil weekly update prepared by the Energy Information Administration, there is an analysis on the reasons for the recent hike in gasoline prices. Some of the reasons include the recent expectations of major central…
Natural gas prices continued their downward trend during recent days despite the low growth in natural gas storage and the continuous hotter than normal weather. The total demand declined last week mainly due to the drop in the power sector.…