Oil futures rose amidst US gasoline supplies decreasing and the housing sales in the US picking up pace. Brent Crude futures rose by 0.83 percent to USD $ 106.03 per barrel, while WTI crude futures rose by 0.79 percent to be at USD $ 90.58 per barrel. The US Energy Department declared in a report…Read more
Crude Oil
Chinese data worse than expected
Oil futures fell from a seven week high price after new data released showed that the economic recovery in China was weaker than previously expected. Brent crude futures declined by 0.31 percent to USD $ 103.68 per barrel, while WTI crude futures declined by 0.28 percent to USD $ 88.97 per barrel. There have also…Read more
US pressure on Iran heating up
Crude oil futures rose to a seven week high owing to rising tensions between the United States and Iran, along with expectations about the US Federal Reserve increasing the stimulus in the US economy. Brent crude futures increased by 0.29 percent to be at USD $ 103.670 per barrel, while WTI crude futures rose by…Read more
Chinese Premier disappoint investors
After increasing for three consecutive days, oil futures fell on Monday, the 16th of July 2012. The main reason for this sudden mood shift in the market was due to the Chinese Premier, Wen Jiabo, stating that the expected economic recovery of China for the second half of this year was yet to gain momentum….Read more
China to Boost its economy
Oil rose for a third consecutive day on the strength of the belief that economic growth in China would receive a boost in the second half of this year, along with more sanctions announced on Iran by the United States. Brent crude future rose by 1.32% to close at USD $102.40, while the WTI future…Read more
Weak Chinese Imports figures leading to fall in prices
Gold prices fell on Tuesday 10th July 2012 due to a high dollar rate which was in demand by investors who were shaky about global economic prospects. This demand for dollar led to euro falling against dollar to the lowest levels in two years. Investors’ worries were heightened by China releasing weaker than expected imports…Read more
EU debt zone causing bad news elsewhere
This time it was the US data on Manufacturing that fell; and that too for the first time in about 3 years. Recently weak data has been appearing on the statistics bulletin for both Asia and Europe, suggesting that the EU debt crisis is causing global economy to slow down. This helped in raising the…Read more
EURO Currency in danger
Crude oil fell below $80 which is measurably low from earlier prices in March of $100 per barrel and above. George Soros, the billionaire influential Wall Street whiz cautioned to the EU leaders that failure to take emergency notice of the EU debt crisis might led to the falling apart of the EU currency which…Read more
The twist of ‘Operation Twist’
Crude oil prices hit an 8.5 month low and gold lowered in price as well. Silver also followed the downturn. The FMOC meeting results were anticipated but they turned out to be a disappointment. Fed did not issue third quantitative easing under the program ‘Operation Twist’. Then during the night China announced weaker manufacturing data…Read more
SLIGHT REBOUND IN THE MARKET
Gold gained in price after expectations that Fed will do more to encourage growth, increasing demand for gold as inflation-hedge. Silver also rose due to the same reason. The euro to dollar is continuing its bearish trend due to the renewed possibility of Greece for asking for a third bailout. Cyprus is also expected to…Read more