Tag: U.S manufacturing PMI

Oil Outlook for March 3-7

Oil price (WTI) slightly rose during last week. WTI oil inched up by 0.4%; Brent oil slipped by 0.8%. As a result, the gap of Brent oil over WTI narrowed again: The premium ranged between $6.48 and $7.82. Last week,…

Gold and Silver Forecast for March 3-7

Gold and silver prices slipped during last week. The latest economic reports about the U.S and China may have contributed to the recent developments in the precious metals market: U.S new home sales jumped by 9.6%; pending home sales index…

Financial Market Forecast for March 3-7

The commodities markets slowed down last week; in the forex market the U.S dollar slightly depreciated against the Euro. This week will be packed with many news items, decisions, reports and events that could affect the commodities and forex markets.…

Gold and Silver Forecast for February 3-7

Gold and silver changed direction and fell last week mainly following the latest FOMC’s decision to cut down again its asset purchase program by an additional $10 billion to $65 billion a month. This mini-taper was expected and yet it…

Oil Outlook for February 3-7

Oil price (WTI) slightly rose again during last week, while Brent oil declined. WTI oil rose by 0.88%; Brent oil slipped by 1.37%. As a result, the gap of Brent oil over WTI narrowed: The premium ranged between $8.91 and…

Financial Market Forecast for February 3-7

Last week’s FOMC decision to cut further its asset purchase program by another $10 billion to $65 billion a month may have contributed to the rally of the US dollar and the decline of precious metals prices. This upcoming week…

Oil Outlook for January 27-31

Oil price (WTI and Brent) rallied again during last week. WTI oil and Brent oil rose by 2.41% and 0.77%, respectively. As a result, the gap of Brent oil over WTI narrowed: The premium ranged between $12.69 and $10.26. Last…

Oil Outlook for January 20-24

Oil price (WTI) bounced back and increased by 1.78% during last week. Conversely, the price of Brent oil edged down by 0.18%. As a result, the gap of Brent oil over WTI narrowed: The premium ranged between $12.69 and $14.95.…

Oil Weekly Outlook for December 30- January 3

Oil price (WTI and Brent) rose again last week: WTI increased by 1%; Brent oil, by 0.37%. As a result, the gap of Brent oil over WTI slightly narrowed: The premium ranged between $11.86 and $12.68. Last week, the EIA’s…