Gold and silver prices bounced back and rose yesterday. Currently, gold and silver prices are traded down. Yesterday, ECB kept its rate unchanged, the US unemployment claims slightly inclined, President Obama presented his job creation plan before Congress and Federal…
Gold & silver bounced back | oil prices slipped – September 8
Gold and silver prices bounced back yesterday and erased most of loses they have had at the beginning of the week. The US stock markets on the other hand fell. Crude oil prices followed and moderately declined as well. Natural…
Oil Prices – Daily Outlook September 9
Crude oil prices continue to zigzag and moderately fell yesterday; these shifts in directions are in line with the shifts in the US stock markets; currently crude oil prices are traded down along with the US stock markets. Yesterday, the…
U.S. oil stockpiles sharply fell by 8.8 million bbl – September 9th
The recent Energy Information Administration petroleum report tries to provide an answer to the ongoing rising gap between the Brent oil price and WTI spot oil price in 2011. In the report, the EIA gives two main explanations for this…
Tropical Depression Lee caused disruption in natural gas production– September 9
Following the damaged caused by Hurricane Irene mainly in the East Coast, the recent Tropical Depression Lee entered the Gulf of Mexico and caused production shut downs. There may be further weather disputation in this Hurricane season (currently there are…
Gold & Silver Prices – Daily Outlook September 8
Gold price fell very sharply yesterday and nearly returned to its initial level from the beginning of September. This fall is consistent with yesterday’s rise in US stock markets and the sharp gains in US Treasury bills yields. Currently, gold…