Natural gas prices continued their rally during most of the week. I have already talked about the recovery of natural gas prices and think it’s a little over blown. The natural gas storage rose again at a slower pace than…
Today, the fifth survey of 2012 for the Philly Fed Manufacturing Index for May was published: this survey estimates the U.S. manufacturing conditions changed direction from growth to contraction during May; the Philly Fed index tumbled down from +8.5 in…
In this week’s petroleum and oil weekly update done the Energy Information Administration, it was stated that the current crude oil inventories located at the Cushing, Oklahoma storage hub are at a record high levels of 45.1 million barrels. The…
The recent news from Greece is that there will be elections on June 17th. The housing starts rose by 2.6% in April. This news along with the recent developments in Europe may have been among the factors to further drag…
Gold and silver prices continued their downward trend during yesterday’s trading despite the slightly positive news of the higher than expected growth rate of Germany’s GDP in the Q1 2012 (a growth rate of 0.5%); the news of the new…
The recent developments in Europe including the higher than expected growth rate of Germany’s GDP by 0.5%, and the news that Greece is heading towards another elections, left the Euro falling again against the USD. Gold and silver prices continued…