The energy commodities traded up yesterday following the positive news of the rise in housing starts. Crude oil prices including WTI and Brent rose for the fifth consecutive day; natural gas Henry Hub (August delivery) and spot price also rose.…
In this week’s petroleum and oil weekly update by the Energy Information Administration, there is an update on the recent developments in exports of Ethanol. The total U.S oil and petroleum stockpiles increased during last week by 1.4 million bl.…
Today, the seventh survey of 2012 for the Philly Fed Manufacturing Index for July was published: this survey estimates the U.S. manufacturing conditions have slightly improved by are still deteriorating; the Philly Fed index rose from -16.6 in June to…
Gold and silver edged down again for the second consecutive day. The recent testimony of Bernanke didn’t offer any hints of the future steps of the FOMC. Bernanke voiced his concerns for the slow decline in rate of unemployment and…
Crude oil prices including both WTI and Brent continued to trade up and rose for the fourth consecutive day; gold and silver rates edged down for the second consecutive day. Natural gas Henry Hub (August delivery) and spot price also…
According to the recent U.S. Census Bureau report about the new residential construction statistics for June 2012, the annual rate of housing starts declined while the rate of building permits rose. This report sends a mixed signal of the progress…