According to the December report prepared by the Organization of the Petroleum Exporting Countries regarding the oil market for November, the OPEC oil production rose during November compared with October 2011’s oil production levels. OPEC’s crude oil production reached 30,367…
Crude oil prices started December with a downward trend after they had risen during the past couple of months. Next week there is an OPEC meeting that might stir up the oil market and affect the crude oil prices’ development.…
Crude oil prices finished the week on a positive note along with the rest of the markets such as the American stock markets. The positive reports that were in published in the U.S. during last week including the U.S. labor…
Crude oil prices started off the month on a positive note as it rose during the first week of December. The recent development in the Middle East including the sanctions on Iran helped keep oil prices high. Furthermore, the recent…
The U.S. labor report was published yesterday and showed good numbers as the non-farm employment grew by 120k in November. This may have been among the factor to help rally some of the commodities prices: Gold price slightly increased while silver…
Despite the sharp turns in many commodities’ prices during the week, crude oil prices didn’t fluctuate as much. The growing concerns in Europe vis-à-vis the debt crisis continue to be one of the main factors to move major financial markets…
In the recent Organization of the Petroleum Exporting Countries report the OPEC oil production remained nearly unchanged during October compared with September 2011’s oil production levels. OPEC’s crude oil production reached 29,888 thousand bbl/d in October compared with 29,882 thousand…
Major commodities sharply rose on the first day of the week: Gold and silver prices inclined for the second straight business days; crude oil prices sharply inclined – the sharpest gain in a single day since October 5th; natural gas…
In the recent Organization of the Petroleum Exporting Countries report the OPEC oil production slightly declined during September compared to August 2011. OPEC’s crude oil production slightly slipped by 77 thousand bbl/d during September as it reached 29,896 thousand bbl/d…
Major commodities prices rallied yesterday along with sharp gains in the U.S. stock markets and the depreciation of the US dollar against major currencies: gold and silver prices sharply augmented; crude oil prices also followed and increased; natural gas spot price…