Following yesterday’s report published by the U.S. Census Bureau vis-à-vis the housing starts and building permits in which these statistics improved in June compared with May’s figures, today the National Association of Realtors published its recent report on US existing…
Tag: crude oil prices
IEA slightly raised projection on oil demand again – IEA report
Today, the IEA – International Energy Agency published its monthly report on the global oil market for June 2011: the report referred to the recent decision of the IEA to release 60 million barrels of crude oil from its strategic…
Saudi Arabia raised quota by 0.5 million bbl/d -OPEC June report 2011
According to the recent Organization of the Petroleum Exporting Countries report the OPEC oil production inclined by nearly 0.5 million bbl/d during June compared to May 2011: OPEC’s crude oil production rose by 520 thousand bbl/d during June as it…
Oil Prices Daily Outlook July 12
Crude oil prices continue to decline as the Euro keeps on freefalling. Today, the Canadian and American trade balance will be published along with July’s OPEC report. Here’s a short analysis and outlook of the crude oil market for today,…
Oil prices rose during last week – Weekly recap 27 June- 1 July
Crude oil prices picked up again and rose during most of last week; despite the news a couple of weeks back about IEA releasing 60 million crude oil barrels from its oil reserves in the next month, its effect seems…
Oil and gold prices continue their rally –June 29
Crude oil prices (WTI and Brent spot oil) continued to rise and finished yesterday on a high note. Gold and silver prices also rose; natural gas future price moderately declined. Here is a summary of the price movements of precious…
US pending home sales rose in May 2011
According to the recent US pending homes sales report there was a rise during May 2011 in home sales. The US pending home sales index inclined by 8.2% during May 2011 compared with the April 2011 index. This index is…
Oil prices fell again during last week – Weekly recap 20-24 June
Crude oil prices tumbled down during last week as the IEA stated it will release 60 million crude oil barrels from its oil reserves; last week’s speech by Fed chairman – Ben Bernanke, in which he didn’t say there will…
OPEC recent report shows no change in its oil production in May 2011
According to the recent Organization of the Petroleum Exporting Countries report the OPEC oil production remained unchanged in May compared to April 2011: OPEC’s crude oil production remained nearly unchanged in May as it reached 28,974 thousand bbl/d compared to…
Slow day for oil and gold | natural gas future fell sharply –June 16
Following the sharp fall for crude oil prices the day before yesterday, natural gas prices soon followed as the July futures prices fell sharply by nearly 4%. Gold, silver and crude oil prices didn’t change much yesterday. Here is a…