Crude Price Outlook

Gold prices are heading towards the biggest weekly gain of the year. Immediate delivery gold was priced at USD $ 1466.80 an ounce, registering a change of 0.51 percent. Concerns about rising inflation, and the situation in Libya and Japan were the factors contributing to gold’s price gains. Inflation concerns was the major factor contributing…Read more

Oil prices headed for a third straight weekly gain on Thursday, the 7th of April 2011, as unrest in the Middle East was the major factor driving supply fears and oil prices upwards. Brent Crude Future rose by 0.58 percent to register at USD $ 123.380 a barrel, while WTI future was trading at USD…Read more

Gold prices are on the verge of registering a tenth consecutive quarterly increase, which is the longest increasing streak in three decades. Gold future for June delivery was at USD $ 1428.30 an ounce in NYMEX, registering an increase of 0.24 percent from its previous day’s price. The attractiveness of gold as a safe-haven was…Read more

Oil prices registered gains on Wednesday, the 30th of March 2011, as fears about the Libyan crisis prolonging for a long time overtook rising oil supplies in the US. WTI crude future rose by 0.35 percent to USD $ 104.63 a barrel, while Brent crude for May delivery rose by 0.33 percent to USD $…Read more

Gold prices fell on Monday, the 28th of March 2011. Gold future for April delivery fell by 0.4 percent at USD $ 1419.90 per ounce. Even though gold still remains attractive for investors to hedge their investments against the continuing unrest in the Middle East and the nuclear crisis in Japan, it did not gain…Read more

Oil prices continued to fall on Monday, the 28th of March 2011. WTI for May delivery fell by 1.4 percent to settle at USD $ 103.98 a barrel, while Brent crude future fell by 0.7 percent to settle at USD $ 114.80 a barrel. The strengthening of the US dollar and Libyan rebel forces gaining…Read more

Gold prices remained steady on account of the ongoing crisis in Libya, the impending nuclear disaster in Japan, and hawkish comments from the US Federal Reserve which affected investors’ sentiments. Gold was priced at USD $ 1427.20 an ounce, slightly decreasing by 0.03 percent, but still maintaining its price near the USD $ 1420 level….Read more

Oil prices fell for a third consecutive day after being unable to overcome price resistance levels. WTI fell by 0.25 percent to USD $ 105.14 a barrel, while Brent fell by 0.10 percent to USD $ 115.48 a barrel. The fall in prices could also be attributed to fears about the sovereign debt of the…Read more

  Gold and silver prices fell on Friday, the 25th of March 2011, following revelations about a positive response of the US Economy which led to investors seeking riskier investments. Spot gold was at USD $ 1427.60 an ounce, slightly decreasing by 0.61 percent from its price on Thursday. The news about the US economy…Read more

After a turbulent week, during which oil prices rocketed between highs and lows, the prices steadied down on Friday, the 25th of March 2011. Brent crude for May delivery rose by 20 cents to USD $ 115.92 a barrel, while WTI crude future was at USD $ 105.40 a barrel. During the week, oil prices…Read more