Crude oil prices had a bit of a comeback in the last couple of days. The recent OPEC meeting didn’t bring any annunciation in regards to OPEC’s oil production quota. This might keep oil prices at their current high level.…
Tag: spot oil
Silver and oil prices closed the day with rises –June 7
Major commodities continue to shift with no clear trend as silver prices along with crude oil prices finished the day with moderate rises; gold and natural gas spot price moderately declined. Here is a summary of the main price changes…
Gold and silver prices inclined, oil prices fell –June 6
The week has started with moderate rises for gold and silver prices and moderate rises in crude oil prices. Here is a summary of the main price changes in energy commodities and precious metals for June 6th: Precious Metals prices:…
Oil prices daily outlook 6 June
Crude oil prices started the week the same way they have ended the previous week, with moderate falls; the upcoming OPEC meeting will set up its oil production in 2011. Let’s examine the crude oil market for today, June 6th:…
Oil prices started June with little changes – Weekly recap 31 May- 3 June
Crude oil prices started off the last week with falls but afterwards they have remained with little changes during the week. It seems that the financial market is still seeking direction for crude oil prices. The recent disappointing US labor…
Major commodities finished the week with moderate changes –June 3
The disappointing U.S. labor report was published yesterday and presented that only 54,000 jobs were created. This news caused some stir up in the financial markets, but didn’t affect much major commodities. Here is a summary of the main price…
Oil prices daily forecast 31 May
Crude oil prices start off the day with moderate rises, just like other major commodities; these rises, however, might switch direction during the day. Let’s examine the recent updates related to crude oil market for May 31st: Crude oil prices…
Oil prices inclined during last week – Weekly recap 23-27 May
Crude oil prices, much like other commodities prices, made a comeback, mainly during the first half of the week. There are several factors to consider the recent upward trend of crude oil prices including the weakening of the US dollar,…
Gold and silver finished the week rising –May 27
The week ended with major commodities rising including gold and silver prices as well as crude oil prices. Here is a summary of the main price changes in energy commodities and precious metals for May 27th: Precious Metals prices: Gold…
Will the recent rally in oil prices last? Daily outlook 26 May
Crude oil prices have enjoyed from a rally in the last couple of day. Will this rally continue? The current status in the commodities markets show that crude oil prices are traded down. What is stimulating the recent rally? Let’s…