Today, the IEA – International Energy Agency published its monthly report on the global crude oil market as of October 2011. During October, OPEC’s oil production slightly rose to 30.01 million bbl/d compared with September’s average oil production; this was…
The crude oil market had a less volatile week during the first week of November as oppose to the last week of October, but the news from Europe regarding the Greek debt crisis brought some volatility to the commodities markets…
Following the sharp falls on Tuesday that were partly driven by the news from Greece that there will be a Referendum in the EU debt reduction plan, major commodities made a comeback yesterday: gold and silver prices were traded sharply…
November started off with losses for major commodities: gold and silver prices started trading with sharp falls that turned by the end of the day to just light falls for gold price; crude oil prices also slightly declined. Natural gas…
The month of October ended with sharp falls for gold and silver prices; crude oil prices also slipped. On the other hand natural gas prices ended the month with light gains. Here is a summary of the price movements of…
The crude oil market had a very volatile week as did most other commodities: the news of the EU summit agreement on debt resolution shock the financial markets and the report of the U.S. GDP growth rate may have also…
After the sharp gains recorded on Thursday to major commodities, Friday ended with a slower trading day as major commodities prices slightly changed: crude oil prices slipped; gold price slightly declined while silver price rose again. On the other hand…
Major commodities got a big bump yesterday after the news of EU leaders reaching an agreement on the debt crisis resolution, and the news of the U.S. GDP growth rate reaching 2.5% broke; these news items seem to have helped…
Gold and silver prices continued their rally and increased for the fourth straight business days; on the other hand crude oil prices sharply fell; natural gas prices were traded with mixed trend as the spot price increased while the short…
According to the recent U.S. consumer confidence survey, the consumer confidence index slipped in October compared with September’s index. The index reached in October to 39.8 (1985=100) a drop from 46.4 in September. American consumers’ short term outlook in U.S.…