Oil Outlook for April 28- May 2

oil market tight loose oil price April 25

Oil price (WTI) declined by 3.5% last week. Brent oil remained unchanged. As a result, the gap of Brent oil over WTI widened: The premium ranged between $5.58 and $8.98. Last week, the EIA’s weekly report showed another gain in…

Will Natural Gas Keep Descending?

Pipeline

The natural gas market continues to lose steam as its price slowly declined during last week. United States Natural Gas (UNG) also fell last week. According to the latest U.S Energy Information Administration weekly update, last week’s natural gas injection…

Gold And Silver | Recap for April 21-25

golden bar

Gold and silver moved in an unclear trend and slightly rose last week. In the forex market, the U.S dollar also slightly depreciated against the Euro and Japanese Yen. This modest depreciation of the US dollar may have contributed to…

Is Asia Enough to Bring Back Up Gold?

demand for gold

Despite the weakening of the gold market during last year, the demand for gold in Asia mainly in China and India strengthened during 2013. But does Asia still play an important role in determining the price of gold? Also, is…