Japan suffered in the recent tsunami attack thousands of dead and missing persons (the current tally is over 19,000 dead or missing), and billions of dollars worth of damage. There are still perils from this tsunami including the condition of…
The erratic behavior of oil prices – Weekly recap 14-18 March
This passing week continued to revolve around the ramifications of the recent tsunami on Japan and the Libyan turmoil. These news items caused turbulence in the financial markets and might have affected the crude oil market as (for more on…
Weekly outlook for 21-25 March
Here is a weekly forecast for March 21st to 25th presenting the main news items, reports and events scheduled for this week related to US, Canada and Europe. Besides these reports that might affect the commodities markets, the main news…
Natural gas prices finished the week with rises – Weekly recap 14-18 March
The natural gas market continues to slowdown as consumption in the US drops and the natural gas storage declines at a more moderate rate, and yet the prices of natural gas Henry Hub rose this week, mainly future prices (April…
Gold & Silver Prices started weak and finished strong –14-18 March
The financial markets keep their erratic behavior; first it was due to the riots in the Middle East and North Africa including Libya and Yemen (see here for an update on the recent news regarding Libya), and now it’s also…
Oil prices closed the week with moderate falls – March 18
Let’s review the main price changes in major energy commodities and precious metals for March 18th: Oil and Gas prices: Crude oil price (WTI spot) fell yesterday by 0.35% as it reached 101.07$/b. Brent spot price also decreased by 0.44%…