Oil Prices bounced back from last month’s tumble. During July, the price of WTI oil rose by 7.6%; United States Oil (NYSEMKT:USO), by 7.4%. The recent decline in the Euro/USD may have curbed the rise in oil prices. The fundamentals…
Most major commodities didn’t do much during yesterday’s trading: crude oil (WTI) price edged up while Brent oil declined; gold price edged up while silver slipped. Natural gas Henry Hub (August delivery) and spot price continued to trade up.…
Today, the U.S. Census Bureau reported the change in number of new homes sold in the U.S during June 2012: the number of new homes sales decreased compared with the number of new homes sold during May 2012. According to…
Gold and silver resumed their downward trend as both precious metals declined on Monday. Many other commodities such as oil also tumbled down. China flash Manufacturing PMI was released tonight and showed the index rose to 49.5 but still means…
Crude oil prices including WTI and Brent tumbled down during the first day of the week. This was the second consecutive business day in which oil rates declined. Natural gas Henry Hub (August delivery) and spot price continued to rally.…
Gold and silver edged up on the last day of the week but on a weekly scale both precious metals slightly declined. As I have pointed out in the gold and silver weekly outlook the main reports of the week…