On Friday, February 4th, Federal Reserve Chairman – Ben Bernanke gave a speech on the monetary policy of the Federal Reserve for the near future. He said that the Fed will continue with its plan to purchase treasury worth of…
Category: Opinion
U.S Labor report showing decline in unemployment
On Friday, February 4th, the Bureau of Labor Statistics published the U.S. employment report for the month of January 2011. According to the report, the U.S. unemployment rate fell by 0.4 percent point during December, from 9.4% to 9.0%. This…
How not to speculate on the WTI and Brent oil spread
In crude oil price, there is an ongoing rise in the gap between WTI and Brent oil spot. An investor should watch out for the pitfalls when trying to profit from this spread. I will present here a couple of…
Natural gas prices outlook for February 2011
Natural gas spot price (Henry Hub) has been behaving erratically in the last couple of weeks, with high rises, followed by deep falls. When will we start seeing natural gas spot price falling? What does the past could, if any,…
3 reasons not to rely on the S&P500/oil price relation – January 25
There are many analysts who consider crude oil price as a good indictor for changes in the stock market trend such as the S&P500. There are three reasons to question this paradigm: Low correlation: if you consider the monthly percent…
The rising relation between crude oil and USD/EURO 1999-2010
The recession, which started during 2008, in the US and later on spread to Europe and other major countries, have had an effect on the correlations among crude oil price and major currencies. I will show in this short analysis…
US inflation rises due to energy price hike – 18 January
The bureau of labor statistics published last week, on January 14th its report on the consumer price index. The report showed an increase in the CPI by 0.5 percent points. Thus the current US inflation rate on a yearly scale…
Gold Prices Outlook for 2011 and Analysis of 2010
2010 is over, and this post is the third and final review, as part of my series on 2010 analysis and 2011 outlook of major commodities; after covering the natural gas market and the crude oil market, this last review…
Crude oil price outlook in 2011 – EIA report
The EIA has published its 2011 crude oil outlook, including a crude oil price outlook. According to the report, expects crude oil price (WTI spot) in 2011, on average, to be 93 USD/b, which is 14$/b higher than the average…
Natural gas price outlook – 11 January
The snowfall is coming back to the northeast of the U.S. which could explain the recent rise in the natural gas spot price (NY gate price). There is a decline in gas rigs and the ongoing downward trend of Henry…