Oil price (WTI and Brent) rose again last week: WTI increased by 1%; Brent oil, by 0.37%. As a result, the gap of Brent oil over WTI slightly narrowed: The premium ranged between $11.86 and $12.68. Last week, the EIA’s…
The financial markets remain poised for the upcoming FOMC meeting, in which it will be decided whether the FOMC would announce of tapering QE3. The current expectations from analysts are that the Fed is likely to do so and start…
Oil price (WTI and Brent) rallied last week: WTI rose by 1.07%; Brent oil increased by 2.3%. As a result, the gap of Brent oil over WTI widened again: The premium ranged between $13.58 and $16.21 – the highest range…
The prices of gold and silver have resumed their downward trend last week, and they have plummeted to their lowest level in months. Their recent decline coincided with the weakness of several leading currencies such as Japanese yen and Aussie…
Oil price (WTI) slipped again last week, while Brent oil rallied: WTI inched down by 0.80%; Brent oil sharply rose by 3.26%. As a result, the gap of Brent oil over WTI expanded: The premium ranged between $11.26 and $14.78…
The financial markets remained relatively calm last week: The prices of major commodities including gold and crude oil moved in an unclear trend. In the forex market, the Euro and Canadian dollar rallied against the USD, while the Aussie dollar…
The precious metals market cooled down at the end of the month and both gold and silver prices tumbled down on Thursday – the last trading day of the month. In the last four consecutive months gold and silver declined…
The prices of gold and silver continued their upward trend during last week. Their rally coincided with the depreciation of the USD against the Euro and Japanese yen. The non-farm payroll report didn’t meet expectations with only 148k jobs added…
Oil prices (WTI and Brent) continued to tumble during last week: WTI fell by 2.94%; Brent oil, by 2.74%. As a result, the gap of Brent oil over WTI slightly widened: The premium ranged between $9.08 and $12.17. The EIA’s…
During the previous week, energy commodities prices fell including natural gas and oil. Conversely, gold and silver prices continued their upward trend. In the forex market, the USD appreciated against several currencies such as Aussie dollar and Canadian dollar, but…