Tag: U.S trade balance

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 Prices Outlook for August 5-9

During the previous week, gold and silver didn’t do much. Their unclear trend coincided with the mixed trend in the forex market, in which the Euro remained nearly unchanged against the USD while the Aussie dollar plunged by 3.82% against…

Oil Weekly Outlook for August 5-9

The price of oil (WTI and Brent) bounced back last week: WTI rose by 2.14%; Brent oil, by 1.66%. As a result, the premium of Brent oil over WTI contracted; the premium ranged between $1.65 and $3.83. Based on the…