Natural Gas Storage Rose by 71 Bcf– May 31st

Natural gas prices increased again during last week, but this week they have tumbled down. During last week the demand for natural gas in the power sectors sharply increased; the total supply also increased mainly due to the rise in…

Oil Stockpiles Increased by 5.5MB– May 31

In this week’s petroleum and oil weekly report by the Energy Information Administration, there is an analysis of the changing patterns in the U.S crude oil imports. The total U.S oil stockpiles increased during last week by 5.5 million bl.…

Gold & Silver Prices – Daily Outlook May 31

Gold and silver prices changed direction and bounced back during yesterday’s trading. On the other hand many other commodities such as crude oil and currencies including Euro and Aussie dollar tumbled down. The European debt crisis continues to weaken the…

U.S GDP Q1 2012 was revised Down to 1.9%

The bureau of economic analysis published today May 31st its second estimate of the growth rate of the U.S. Gross Domestic Product for the first quarter of 2012. According to the recent update U.S output of goods and services expanded…