Crude Price Outlook
Crude Oil Price Update-Futures Fall on Concerns Over Greece’s Debt, US Economy
Oil futures declined on concerns about a sluggish recovery of the US economy and Greece’s debt crisis. WTI crude futures fell by 0.94 percent to USD $ 99.16 a barrel. Brent futures fell by 0.73 percent to USD $ 111.57 a barrel. Hedge funds reduced bullish bets on oil on account of the US Dollar [...]
Gold and Silver Price Update-Metals Rise on Signs of Weak Global Economy
Gold and silver advanced, amidst signs about a worsening European Debt Crisis and a slowing global economy. Gold futures increased by 0.10 percent to USD $ 1497.30 an ounce, while silver futures increased by 1.38 percent to USD $ 35.58 an ounce. Officials of the European Central Bank ruled out the possibility of restructuring Greece’s [...]
Crude Oil Price Update-WTI Goes Above $ 100 Mark
Oil futures climbed, as reports released by the US Energy Depratment showed declining oil supplies and increased refinery capacity. WTI crude futures climbed by 0.25 percent to USD $ 100.35 a barrel.Brent crude futures rose by 0.32 percent to USD $ 112.66 a barrel. The US Energy Department said that crude stockpiles declined sharply by [...]
Gold and Silver Price Update-Gold Advances over Europe’s Debt Concerns
Gold bullion increased for the first time after three days today, as concerns about Europe’s sovereign debt crisis increased the demand of the metal as a safe-haven. Gold for June delivery rose by 0.20 percent to USD $ 1493.60 an ounce. The increase in the demand of gold was spurred by growing concerns over whether [...]
Currency Exchange Rate Update-Euro/USD,USD/JPY,AUD/JPY Rise
The Euro-USD exchange rate overturned the pattern prevalent over the past few days as it now finally appreciated. The exchange rate rose by 0.0260 percent to USD $ 1.4160. The Euro declined against 11 out of 16 other major currencies, amidst concerns about a possible restructuring of Greece’s debt. The Euro-USD exchange rate declined by [...]
Crude Oil Price Update-Oil Drops on Rising US Stockpiles/ Greece’s Debt Crisis
Crude oil dropped yesterday for a second consecutive day on concerns about Greece defaulting on its debts and rising US crude stockpile levels signaling a weakening demand in the US. WTI crude futures fell by 0.14 percent to USD $ 97.23 a barrel, while Brent crude futures fell by 0.28 percent to USD $ 110.53 [...]
Crude oil dropped yesterday for a second consecutive day on concerns about Greece defaulting on its debts and rising US crude stockpile levels signaling a weakening demand in the US. WTI crude futures fell by 0.14 percent to USD $ 97.23 a barrel, while Brent crude futures fell by 0.28 percent to USD $ 110.53 [...]
Currencies Update- EURO/USD, AUD/JPY Fall. USD/JPY rises
The Euro declined against 11 out of 16 other major currencies, amidst concerns about a possible restructuring of Greece’s debt. The Euro-USD exchange rate declined by 0.1562 percent to $ 1.4097. European finance ministers are expected to meet today and tomorrow in order to look into Greece’s request for an additional 110 billion Euros from [...]
Oil Price Update-Futures Drop Amidst Fears of Weak US Economy, Greece’s Debt Crisis
Oil futures dropped on fears of a sluggish US economy and renewed concerns over Greece’s sovereign debt issues. WTI crude futures for June delivery dropped by 1.03 percent to USD $ 98.620 a barrel. Brent crude futures declined by 0.47 percent to USD $ 113.30 a barrel. US President Barrack Obama expressed his fears in [...]
Oil Price Update- Futures Advance As EU Zone Records Strong Economic Performance
Oil futures advanced amidst signs that the Euro zone was experiencing strong economic activity which is expected to strengthen demand of oil from the region. WTI crude futures rose by 0.39 percent to USD $ 99.65 a barrel. Brent crude futures rose by 0.75 percent to USD $ 113.83 a barrel. The EU’s statistics department [...]
