You can forget from the fundamentals for now, this market reacts very sharply and extremely to the changes in directions in the stock markets. Crude oil prices fell very sharply yesterday and they are currently trade down as well. Today,…
The stock markets fell very sharply yesterday; the markets seem to consider the possibility of an imminent double dip recession in the US and Europe. Perhaps the recent US home sales report stimulated this reaction. The last time this happen…
The decline in temperatures throughout the US caused a dramatic fall in natural gas consumption for the power sector resulting in decreases in the natural gas prices (Henry Hub) during the week. This also means a sharp decline in imports…
Gold and silver prices kept on rising but at a much slower pace than at the beginning of the month. Silver price changed from red to green in August as it slowly climbed back up from the sharp falls it…
In the recent report of the Bureau of Labor Statistics, the US inflation for July 2011 inclined by 0.5% or in annual terms it rose by 3.6%. The CPI without food and energy also rose by 0.2% during July…
Crude oil prices continue to zigzag but still demonstrate a gradual upward trend in the past few days. The EIA oil market report was published yesterday and showed a decline in crude oil stockpile of 1.37 million bbl during last…