May 2011

Crude oil tumbled on account of a rising US Dollar and fears about a reduced global oil demand. WTI crude futures declined by 0.77 percent to USD $ 98.820 a barrel. Brent crude futures fell by 0.64 percent to USD $ 118.81 a barrel. The Dollar Index, which tracks the value of the US Dollar…Read more

Oil futures rose yesterday, reversing the declining trend after Goldman Sachs and Morgan Stanley increased their forecast for oil prices on account of reduced OPEC spare capacity. WTI futures rose by 0.57 percent to USD $ 98.26 a barrel. Brent futures rose by 0.63 percent to USD $ 110.79 a barrel. Ever since fighting erupted…Read more

Gold bullion registered a slight increase, signaling towards a possible advancement in prices for the first time in three weeks. Gold futures rose by a slight 0.07 percent to USD $ 1509.90 an ounce. Silver futures also increased by 0.07 percent to USD $ 35.11 an ounce. Gold’s attractiveness as a safe-haven increased its demand…Read more

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…Read more

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…Read more

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…Read more

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…Read more

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…Read more

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…Read more

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…Read more