Crude oil prices made a comeback and recovered during the recent week from their sharp tumble a week earlier. The positive news from the U.S. including the rally in the U.S. housing starts, the rise in demand for core durable…
Crude oil prices sharply declined during last week after oil prices had moderately inclined during November and October. The recent FOMC meeting stirred up the commodities markets and may have been among the factors to push down crude oil prices,…
Crude oil prices recorded sharp gains in recent weeks and October as a whole will be one of the best performing months of 2011 for crude oil prices. The U.S. GDP rate reached a bigger than expected rate of 2.5%…
Crude oil prices shifted to red as they have declined yesterday along with the rest of the financial markets including the American and European stock markets. The lower than expected quarterly growth of the China’s GDP may have contributed to…
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 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 started the week with sharp falls. The appreciation of USD against major currencies such as Euro, AUD and CAD might be among the factors that affected oil prices to trade down in recent days. Today, the Euro…
Crude oil prices ended the week falling, resulting in WTI oil price losing only 0.96% of it value during September (up to date) and Brent oil shed 1.8% of its value. The recent appreciation of USD on Friday may have…
Crude oil prices changed direction along with the US stock markets and ended yesterday with light gains. The slight fall of the USD against major currencies such as Euro and CAD also provided some backwind for crude oil prices’ bounce…