Crude Price Outlook

The Euro appreciated against the US Dollar, as the Greenback declined against 15 out of 16 of its major trading currencies. The EURO-USD exchange rate increased by 0.88 percent to 1.4270. Growth in consumer spending in the US rose by 0.5 percent in April, which is the smallest rise in consumer spending in three months….Read more

Gold and silver futures registered advances on concerns over the European Debt Crisis and a sluggish US economy. Gold futures advanced by 0.18 percent to USD $ 1526.40 an ounce. The Euro declined against the US Dollar, after reports suggested that the IMF might not release the next tranche of money to Greece as part…Read more

Crude oil futures advanced as speculation increased over a strong global economy paving the way for an increased demand of oil, coupled with a weak US Dollar increasing the attractiveness of other commodities denominated in the currency. WTI crude futures rose by 0.47 percent to USD $ 100.70 a barrel. Brent crude futures rose by…Read more

The Euro depreciated against the US Dollar. The EURO-USD exchange rate fell by 0.4457 percent to 1.4037. The fall in value of the Euro was brought about by concerns about the region’s sovereign debt crisis, along with weak economic data which shows a slowdown of economic activity in the region. Industrial orders in the region…Read more

Gold and silver bullion started rising again, after declining a bit this morning as investors tried to make use of the inflated price of the precious metals. Gold futures increased by 0.09 percent to USD $ 1524.60 an ounce. Silver futures rose by 1.02 percent to USD $ 36.495 an ounce. The precious metals have…Read more

Crude oil tumbled on account of a rising US Dollar and fears about a reduced global oil demand. WTI crude futures declined by 0.77 percent to USD $ 98.820 a barrel. Brent crude futures fell by 0.64 percent to USD $ 118.81 a barrel. The Dollar Index, which tracks the value of the US Dollar…Read more

Oil futures rose yesterday, reversing the declining trend after Goldman Sachs and Morgan Stanley increased their forecast for oil prices on account of reduced OPEC spare capacity. WTI futures rose by 0.57 percent to USD $ 98.26 a barrel. Brent futures rose by 0.63 percent to USD $ 110.79 a barrel. Ever since fighting erupted…Read more

Gold bullion registered a slight increase, signaling towards a possible advancement in prices for the first time in three weeks. Gold futures rose by a slight 0.07 percent to USD $ 1509.90 an ounce. Silver futures also increased by 0.07 percent to USD $ 35.11 an ounce. Gold’s attractiveness as a safe-haven increased its demand…Read more

Oil futures declined on concerns about a sluggish recovery of the US economy and Greece’s debt crisis. WTI crude futures fell by 0.94 percent to USD $ 99.16 a barrel. Brent futures fell by 0.73 percent to USD $ 111.57 a barrel. Hedge funds reduced bullish bets on oil on account of the US Dollar…Read more

Gold and silver advanced, amidst signs about a worsening European Debt Crisis and a slowing global economy. Gold futures increased by 0.10 percent to USD $ 1497.30 an ounce, while silver futures increased by 1.38 percent to USD $ 35.58 an ounce. Officials of the European Central Bank ruled out the possibility of restructuring Greece’s…Read more