Natural gas prices continued their downward trend during last week. By Friday the Henry Hub (short term delivery) tumbled down by nearly 6%. I have referred to tumble of natural gas prices in a recent post. Following these developments the…
Crude oil prices rose during most of the week until Friday when both WTI and Brent oil prices slipped. Further, the gap between Brent and WTI also expanded. The recent OPEC monthly report revealed a slight decline in the oil…
Gold and silver prices continued to seek direction as both precious metals edged up on Thursday. These metals rose despite the decline of the Euro and perhaps due to the appreciation of other “risk currencies” including Aussie dollar and Canadian…
Natural gas prices didn’t’ do much during recent days after they had tumbled down during last week. The total demand rose last week mainly due to the rise in the power and industrial sectors. The natural gas production and rig…
Many commodities continued to trade up on Thursday: crude oil price (WTI) nearly didn’t change while Brent oil rose again on Thursday; gold and silver also edged up; natural gas Henry Hub (September delivery) rose while spot prices remained unchanged.…
Precious metals prices, much like many other commodities, continue to zigzag with an unclear trend. This could be, among others, due to the London Olympics that shifted the attention of many traders to this prime even. The price of gold…