Crude oil prices changed direction and bounced back over the weak US dollar that fell probably due to the news of Moody’s concerns over US debt and Bernanke’s speech; according to recent US EIA report US petroleum stocks rose by…
Gold and silver prices rose very sharply yesterday over the news of Bernanke’s testimony and Moody’s rating warnings over US debt concerns. Today, the US producer price index will be published along the US unemployment claims. Let’s examine the news…
The weekly report of the Energy Information Administration petroleum analyzes the recent announcement (back in June 23rd) made by the IEA to release 60 million bbl from its strategic stockpiles. The report tries to give an answer as to the…
Gold price continues to break new highs and is nearing the $1,600 mark; Silver price experienced yesterday its sharpest gain in 2011; Crude oil price continues its rally and moderately incline; natural gas price also continued to rise. Here…
Gold price continues its rally as it rose for six consecutive days; gold and silver prices are currently traded up on the weak US dollar . Today, the Chairman of the Fed will testify, the Eurostat will publish the Euro…
According to the recent Organization of the Petroleum Exporting Countries report the OPEC oil production inclined by nearly 0.5 million bbl/d during June compared to May 2011: OPEC’s crude oil production rose by 520 thousand bbl/d during June as it…