Crude oil continued to trade high but didn’t move much on a weekly scale. During last week Brent oil added 1.16% to its value and WTI rose by 0.66%. The premium of Brent oil over WTI slightly increased but remained…
Natural gas prices continued their downward trend of the past several weeks. The natural gas market continues to be in Contango and will probably continue to be so in the weeks to come. During last week the Henry Hub spot…
Crude oil prices didn’t do much during last week as they have edged up on weekly scale by nearly 1%. There are still concerns regarding the future ramifications regarding Iran but since there wasn’t any development on this front, oil…
Gold and silver prices moved in a horseshoe pattern as they have declined during the first couple of days of the last week only to bounce back during the last few days. The fall of bullion on Monday and Tuesday…
Gold and silver prices finished the week in the green along with other major commodities prices such as crude oil prices. The U.S. employment report showed an increase of 227k in February. This new may have been among the key…
According to the recent March report of the Organization of the Petroleum Exporting Countries regarding the oil market, the OPEC oil production slightly increased during February 2012 compared with January oil production levels. OPEC’s crude oil production reached 30,968 thousand…