Jawwad

In the following series of posts, we shall delve deeper into analyzing crude oil in terms of its relative price in different currencies, the correlations between different currencies and oil prices, and the correlation between crude oil and gold.   Crude Oil Analysis: Correlation between WTI and Brent There has been a spread, or a…Read more

In the following series of posts, we shall delve deeper into analyzing crude oil in terms of its relative price in different currencies, the correlations between different currencies and oil prices, and the correlation between crude oil and gold. Crude Oil Analysis: Relative Price of Crude Oil in terms of Different Currencies In order to…Read more

This is the second post of a two-part series in which we shall be looking into the trailing correlation between world crude oil prices and the two benchmark price indexes, Brent and the WTI. Oil extracted from different countries have their own characteristics, and are referred to by their own names. Dubai Fateh is light,…Read more

    This is the first post of a two-part series in which we shall be looking into the trailing correlation between world crude oil prices and the two benchmark price indexes, Brent and the WTI. There are several different types of crude oil which are extracted and refined worldwide. However, two of these standardized types are…Read more

The Greenback lost its value against the other major currencies on account of speculation that the US Federal Reserve shall continue to maintain zero interest rates. The Euro increased by 0.0629 percent against the Greenback to USD $ 1.4561, while the dollar was to 81.8848 Yen. Meanwhile, the Australian dollar was to 87.9924 Yen. The…Read more

  The price of gold increased for a third straight week, as a weak dollar and concerns about global debt levels induced investors to trade in the precious metal in order to hedge their investments against possible losses. The market closed for the Easter holidays on Thursday with gold future for June delivery priced at…Read more

The Commodities market closed in for the week for Easter on Thursday, the 21st of April 2011, with the rate of increase in the price of crude oil decreasing slightly. The market closed with WTI crude future priced at USD $ 112.29 a barrel, increasing by 0.75 percent, while Brent registered a slight price hike…Read more

Gold gained a slight 0.57 percent in its value to be at USD $ 1507.40 an ounce in the morning trading in London. A weak dollar and concerns about rising global debt contributed to its buying. The greenback has depreciated to its lowest level since August 2008 against six other major currencies. Along with this,…Read more

Oil prices registered more increases, with WTI increasing by 0.64 percent to be at USD $ 112.16 a barrel, while Brent increased by 0.27 percent to USD $ 124.10 a barrel. Depreciation of the Dollar against the Euro to a record 15-month slump, coupled with strong news emerging from the equities market, was contributing to…Read more

Gold prices continued to register record increases on account of concerns about rising inflation and currency depreciation. Gold future for June delivery rose by 0.5 percent to USD $ 1506.40 an ounce. The dollar, which was already trading at a 15-month low against the Euro, dropped even further after Standard & Poor revised its credit…Read more