May 2011

Silver futures fell for a third consecutive day,while registering the largest decline in value in a three day period in 28 years.Silver future last settled in at USD $ 39.075 an ounce, falling by 0.79 percent. The decline in Silver was due to the Comex’s owners, CME Group, raising the minimum amount of cash to…Read more

Crude oil fell for a fourth consecutive day, the longest streak in almost two months, on signs that the US economy’s growth rate was slowing down. WTI crude future fell by 0.40 percent to USD $ 108.80 per barrel, while Brent crude future fell by 0.16 percent to USD $ 121 per barrel. Reports released…Read more

Oil extracted from Libyan oil fields has sulfur content between 0.01 to 0.07 percent, and is classified as “very sweet” crude. This sweet crude is heavily in demand from European refineries, since they are restricted to using this type of oil due to strict pollution rules. On the other hand, crude extracted from Saudi oil fields has much higher sulfur content and is classified as “sour crude”.

The US Dollar made advances against all major currencies, before the release of US reports which are expected to show an increase in employment and a growth in the services industry. The Euro-USD exchange rate fell by 0.1344 percent to 1.4806. The USD-JPY exchange rate fell by 0.0513 percent to its value of 80.8975. The…Read more

Gold and Silver both registered declines, with silver dropping for a third consecutive day, its worst run since January. Silver future last settled in at USD $ 41.295 an ounce, declining by 3.03 percent. Gold future fell by 0.46 percent to USD $ 1533.30 an ounce. The decline in silver was due to the Comex’s…Read more

Oil prices fell for a third consecutive day on reports about rising crude stockpiles and a slowdown in economic growth. This was the longest losing streak for oil since the Japan earthquake in March. WTI crude futures fell by 0.31 percent to USD $ 110.70 per barrel. Brent crude futures fell by 0.28 percent to…Read more

Oil dropped yesterday, on account of news about Osama bin Laden’s death and data showing that manufacturing had cooled in the US in April. At the market closure, WTI crude future was at USD $ 112.89 a barrel, registering a decline of 0.55 percent. Brent crude future declined by 0.44 percent to be at USD…Read more

7 reasons why should oil head lower? Let’s start with the reasons why you shouldn’t listen to me. I have had a known and well declared bearish bias on oil. Sort of like Abey Cohen on equities when everyone else was bullish and vice versa…I am not an active trader or an analyst, I just…Read more