Crude oil prices sharply inclined yesterday, and currently they are traded slightly up. Today, Jean Claude Trichet will give a speech, the OPEC monthly report was published and the Canadian Housing Starts report will be published. Here’s an outlook and…
Crude oil prices continue to zigzag on Friday as they did throughout October; currently the major energy commodities are traded up. The recent news from Canada and U.S. about the encouraging employment reports may contribute to the light optimism in…
Crude oil prices shifted from red to green as they have sharply inclined yesterday, while the U.S. and European stock markets rallied and the “risk currencies” including AUD and CAD also rebounded in recent days giving crude oil prices back-wind.…
Crude oil prices started October the same way they had ended September – falling. The weak performance of the U.S. and European stock markets and the “risk currencies” e.g. AUD and CAD are likely to keep crude oil prices low.…
Crude oil prices ended the week with sharp falls as the U.S. stock market sharply declined and the Euro/USD declined over the recent Euro Area high inflation rate for September. Currently, crude oil prices are traded down. Today, Australia’s Trade…
Crude oil prices are likely to end the week slightly recovering from the sharp falls they have endured last week. Crude oil prices along with the US stock market rose during most of the week. Currently, crude oil prices are…
Crude oil prices bounced back after they had declined in the previous three business days. Currently, crude oil prices (WTI) are traded sharply up following the gains in the US stock markets. Today, the U.S. consumer confidence report will be…
Crude oil prices declined in the past three business day, but currently they are traded down. The speculation around the European debt crisis and the slowdown in Asia and US may continue to affect traders to keep crude oil prices…
Crude oil prices declined yesterday and currently they continue to trade sharply down. The FOMC announcement to purchase $400 billion LT securities didn’t receive a warm reaction in the financial markets as the US stock markets sharply fell. The USD…
Crude oil prices changed direction and slightly inclined yesterday. The depreciation of USD against major currencies such as Euro, AUD and CAD might be among the factors that affected oil prices to trade up yesterday. Today, the EIA oil stockpiles…