Crude oil prices are currently falling very precipitately; after WTI spot oil price declined for three straight days by a total of 3.7% and Brent oil by 4.7%, current oil prices (see below) show drops of nearly 6%. What is…
Yesterday’s Energy Information Administration petroleum report focused on the major countries that export crude oil to the US during 2010. The US still heavily relies on Canada as its prime source for crude oil with nearly 2,532 thousand bbl/d during…
The third business day of the May continued to show falls for major commodities including crude oil, natural gas, gold and silver as they have kept their plunge. Here is a summary of the changes in commodities and precious metals…
Crude oil prices kept on declining for the second straight day and during May WTI spot oil price fell by 2.5% and Brent oil by 3.2%. What is headed for oil prices today? Let’s examine the oil market and the…
April was a very “uplifting” month for precious metals including gold and silver. Will the rapid increase in gold and silver prices during April 2011 continue in May? Let’s analyze the gold and silver market during April and try and…
The second day of the week wasn’t any better of major commodities including crude oil, natural gas, gold and silver as all these commodities registered yesterday major declines. Here is a summary of the changes in commodities and precious metals…