Crude Price Outlook

Gold prices continued to escalate, following the civil war in Libya, the debt crisis in the European Union regarding Portugal and the aftermath of the earthquake and tsunami in Japan. Collectively, all of these factors are making investors have bullish expectations about gold in the coming days, viewing it as a perfect hedge against rising…Read more

Oil futures fell yesterday and traded at a two-day low. Crude for May delivery at NYMEX fell to USD $ 105.60 a barrel, falling by 15 cents. At the time of market closure, Brent was priced at USD $ 114.68 a barrel, WTI was at USD $ 105.60 a barrel, while West Texas Sour was…Read more

Gold is nearing record high price levels, following reports about a rise in Portugal’s sovereign debt and a possible bailout of the country by the European Union. In the Singapore market, immediate delivery of gold gained 0.2 percent and traded at USD $ 1439.53 an ounce, whereas the April-delivery contract in New York was at…Read more

Oil prices peaked close to a 30-, month high in the market on Wednesday, as the US and other Western Allies continued bombing pro government forces in Libya. The market closed with Brent at USD $ 115.17 a barrel, WTI at USD $ 105.25 a barrel and West Texas, Sour Midlands at USD $ 101.50…Read more

Gold prices remained high today, on the 22nd of March 2011, due to gold’s continuing appeal as a safe-haven in light of the growing unrest in the Middle East and concerns about a nuclear catastrophe erupting in Japan. Spot gold increased by 0.4 percent at USD $ 1430.45 an ounce. It is expected that in…Read more

Oil prices rallied on Monday, the 21st of March 2011 thanks to the Middle East and North Africa(MENA) Crisis. Benchmark WTI was priced at USD $ 102.33 a barrel at the time of market closure, whereas West Texas Sour, Midlands was at USD $ 98.08 a barrel. Air strikes by Western forces in order to…Read more

Oil prices increased by more than USD $ 2 today, after the Western military forces intensified their strikes on Libyan air force installments. Brent crude for May settlement rose by 2 percent to USD $ 116.22 a barrel, whereas US crude futures for April rose by USD $ 2.18 to USD $ 103.25 a barrel….Read more

Gold prices registered a slight increase, in spite of the announcement of an immediate ceasefire by the Libyan government against the rebels. The persistent bullish behavior of gold can be attributed to a general lack of trust for the Libyan government’s declarations of the ceasefire. Several countries are wary of the fact that Muammar Qadhafi…Read more

Following the announcement of an immediate ceasefire by the Libyan government against the rebels in the country, oil prices fell on Friday, the 18th of March 2011. Brent oil dived immediately by USD $ 3, minutes after news about the ceasefire broke out. Brent crude for May delivery settled at USD $ 114.15 per barrel….Read more

Gold registered an increase in prices, as the worsening situation in the Middle East and the looming nuclear catastrophe in Japan pushed investors towards having bullish expectations about gold. Gold, 100 Troy Oz was priced at USD $ 1410.80 per troy ounce, increasing by 0.47%. American Eagle gold was priced at USD $ 1466.34 per…Read more