Crude oil prices recorded yesterday their sharpest fall since the beginning of May; currently crude oil prices are traded with small changes. Today, the US labor report will be published, along with the Canadian employment report and Canadian building permits.…
Crude oil prices continued to fall for the fourth straight day, but will this trend continue? Today, the Bank of Japan announced it will expanded its monetary easing plan (USD/JPY reacted and hiked up); ECB will announce its rate decision,…
Crude oil prices finished yesterday with moderate falls after the U.S. House approved raising debt ceiling to $16.4 trillion. This news has brought back some stability to the market. Today, the U.S. Personal Spending report will be published along with…
Crude oil prices moderately inclined yesterday. The EIA natural gas market report was published yesterday and presented an increase in natural gas storage of 43 Bcf. Today, the Euro Area inflation rate will be published, the U.S. advance estimate of…
Crude oil prices declined yesterday: the WTI spot oil price declined by 2.22%; this was the sharpest daily percent change it had since July 14th. Yesterday, the EIA petroleum stocks was published and presented a sharp increase in stockpiles of…
Crude oil prices continue to seek direction as WTI spot oil price gained only 0.9% to its value since July 7th up to date; Brent oil price, over the same period gained only 0.3%. Today, the U.S. durable goods report…
Crude oil prices continue to zigzag as they did in the past couple of weeks. Today, the U.S. consumer confidence report will be published along with the U.S. new home sales. Here’s a short analysis and outlook of the crude…
Crude oil prices finished the week with moderate rises but they are currently traded moderately down. Today, the Governor of the Reserve Bank of Australia will give a speech. Here’s a short analysis and outlook of the crude oil market…
Crude oil prices finished yesterday with moderate falls following the moderate rises from Friday. During July crude oil prices (WTI spot oil) changed direction nine times over the past 11 business days. The European summit on Thursday will be an…
Crude oil prices continue to moderately change with no clear direction as they are currently traded up. Today, the EIA will publish its US petroleum stocks report and natural gas report; ECB will decide its rate for July; and the…