Most major commodities rose during Friday: crude oil prices including WTI and Brent oil rose again; gold and silver prices didn’t do much as both precious metals edged up; natural gas Henry Hub (August delivery) and spot price declined again.…
Crude oil prices started the week with very sharp falls that changed to gains throughout the rest of the week. Further, the premium of Brent over WTI also expanded. The news of the decline in new home sales and pending…
Natural gas prices started off the week rising but soon after they have changed direction and tumbled down throughout the remainder of week. Following these developments the difference between future and spot shifted from Contango to Backwardation. The NG storage…
Gold price continued to rise for the third consecutive day; silver, on the other hand, edged down. The Euro hiked after ECB President tried to assure the markets by stating ECB is prepared to do whatever it takes to preserve…
The bureau of economic analysis published today July 26th its first estimate of the growth rate of the U.S. Gross Domestic Product for the second quarter of 2012. According to the recent update U.S output of goods and services expanded…
The Euro rose again for the second consecutive day; this time the ECB President’s statement about preserving the Euro may have contributed to the recovery of the Euro during yesterday. Most major commodities also rose during yesterday’s trading: crude oil…