Crude Price Outlook

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

Oil prices registered an increase for a third consecutive day, as speculators traded on expectations of increased demand after signs emerged of an improving US economy. WTI crude future for June delivery rose by 0.47 percent to USD $ 111.97 a barrel, while Brent future increased by 0.42 percent to close at USD $ 124.37…Read more

Gold topped USD $ 1500 an ounce, after increasing debt in the US and the European Union was the major reason which increased the precious metal’s demand during the week. Standard & Poor revised its outlook on its AAA rating for the US from “stable” to negative two days ago. Also, yields on two-year bonds…Read more

Oil prices rose for a second consecutive day on the strength of signs of the US economy improving. WTI crude future rose by 0.76 percent to register at USD $ 109.10 per barrel, while Brent future rose by 0.45 percent at USD $ 121.880 per barrel. Reports released by the US Commerce Department showed housing…Read more

Gold prices advanced by 0.57 percent to register at USD $ 1463.90 an ounce, as rising inflation concerns continued to increase the precious metal’s attractiveness. Gold is expected to increase in its price due to an increased buying from Asian countries, since inflation concerns and a lack of alternate investments is driving investors towards the…Read more

Oil prices rose for a second consecutive yesterday, with WTI closing in at USD $ 107.46 a barrel, increasing by 0.33 percent. Brent future was priced at USD $ 122.89 a barrel, registering a price hike of 0.01 percent. The US Energy Department released reports stating that crude oil stockpiles fell by 7 million barrels…Read more

Gold prices climbed to a record while silver prices gained for a ninth consecutive day, as inflation concerns made investors rush towards the precious metal commodities. Gold future was trading at USD $ 1474.20 an ounce, registering a change of 0.01 percent. Silver future was at USD $ 41.580, registering a huge increase of 2.39…Read more

Oil prices fell in the Asian market on Monday, after a delegation of the African Union travelled to Libya with the aim of brokering a peace deal between Muammar Qadhafi and the rebels. Brent crude for May delivery was priced at USD $ 126.10, registering a decrease of 0.43 percent, while WTI crude future was…Read more