The recession, which started during 2008, in the US and later on spread to Europe and other major countries, have had an effect on the correlations among crude oil price and major currencies. I will show in this short analysis…
This short trading week starts off with most of energy prices falling such as WTI crude oil and NY city gate natural gas, and precious metals rising, let’s break down the main price changes for January 18th: Energy prices: Crude…
The bureau of labor statistics published last week, on January 14th its report on the consumer price index. The report showed an increase in the CPI by 0.5 percent points. Thus the current US inflation rate on a yearly scale…
The recent snow in the Northeast of the U.S. from last week has subsided, however it’s still cold, e.g. in New York temperatures predicted to reach as low as 16 f (-9 c) on Friday with a chance for snow…
Yesterday there was no trade in the U.S. due to Martin Luther King Day; however, Brent oil was traded in Europe and it moderately declined: on 17/1/2011 it settled at 97.3 $/b a 0.83% fall. Crude oil price (Dated Brent…
After last week’s bullish behavior of crude oil price, as the WIT spot price increased by 2.6% and Brent spot by 3.2%, there is an ongoing speculation around crude oil price to continue rising this week and reaching the 100$…