Crude oil prices didn’t do much during last week despite the many news items that were published including the U.S. GDP report for Q4 2011. There are still tensions between the speculation revolving the stability of Euro Area and thus…
Crude oil prices continued their downward trend for a second straight week after they had started the month with sharp gains. The speculation around the stability of Euro Area will continue to dominate the news and crowd out (for the…
Gold and silver continued their upward trend and rallied from Friday’s falls by sharply rising on Tuesday’s trading. Despite S&P’s downgrade of France and eight other EU countries’ credit rating the Euro and other currencies appreciated against the U.S. dollar…
According to the January report prepared by the Organization of the Petroleum Exporting Countries regarding the oil market for December, the OPEC oil production slightly rose during December compared with November’s 2011 oil production levels. This gain was mostly to…
Crude oil prices changed direction from an upward trend during the first week of 2012 to a decline during the second week of January. The speculation around the Euro Area’s economic stability may have adversely affected commodities prices. The January…
Gold price continued its downward trend from Friday and declined on the first day of the week, while silver priced moderately rose ; crude oil prices also slipped yesterday; on the other hand natural gas spot price rallied on Monday.…
Crude oil started off the first week of 2012 with very sharp gains in crude oil price on the first couple of days as many oil traders became bullish on oil. As the week progressed oil prices changed direction and…
Crude oil prices ended the year with light changes during the last week of 2011. By the end of the week, WTI oil price slipped by 0.8% and Brent price by 1.53%; as a result, the difference between Brent oil…
Crude oil prices recovered from the sharp drop during the previous week, changed direction during and promptly climbed up during the week. The recent news from the U.S. of the improvement in the housing market including the gains in the…
Crude oil prices sharply declined during last week following many commodities traders’ disappointment from the FOMC meeting for not issuing another stimulus plan that may have pushed up the price of commodities. The recent OPEC meeting ran smoothly as the…