Let’s examine the news and events that might affect current gold and silver prices as of April 8th: ECB raised its interest rate European Central Bank decided to raise the Euro Area interest rate by 0.25 percent point to 1.25%.…
Crude oil prices outlook – 8 April
Crude oil prices started to rise again: yesterday WTI spot oil price increased by 1.35% while Brent oil rose by 0.61%. Current oil prices are rising in Europe with WTI crossing the 110$/b mark. Let’s examine the main news for…
Natural gas storage declined | EIA review, April 8
Here’s a summary of the recent U.S natural gas EIA report for the week ending on April 1st: Natural gas Storage The underground natural gas storage (Billion Cubic Feet) decreased by 2.8%, i.e. a withdraw of 45 Bcf, as the…
Oil prices continued their rally – April 7
The same trend that was on Wednesday continued on yesterday, crude oil prices (WTI and Brent oil) inclined; gold and silver prices also continue to increase; natural gas spot price (Henry Hub) declined for the second straight day. Here is…
Natural gas prices outlook– 7 April
Natural gas spot price (Henry Hub) continue to zigzag as it fell yesterday by 0.95%, while Mat future prices decreased by 1.89%. As a result the backwardation reached 0.03$/Mmbtu. Will this downwards trend of natural gas prices continue? Let’s…
Crude oil prices outlook – 7 April
The Petroleum stocks didn’t change much during last week, according to recent EIA report. The crude oil prices continue to zigzag with no clear trend and yesterday WTI spot and May delivery futures moderately inclined, while Brent oil moderately declined.…