Crude Price Outlook

Oil futures climbed, as reports released by the US Energy Depratment showed declining oil supplies and increased refinery capacity. WTI crude futures climbed by 0.25 percent to USD $ 100.35 a barrel.Brent crude futures rose by 0.32 percent to USD $ 112.66 a barrel. The US Energy Department said that crude stockpiles declined sharply by…Read more

Gold bullion increased for the first time after three days today, as concerns about Europe’s sovereign debt crisis increased the demand of the metal as a safe-haven. Gold for June delivery rose by 0.20 percent to USD $ 1493.60 an ounce. The increase in the demand of gold was spurred by growing concerns over whether…Read more

The Euro-USD exchange rate overturned the pattern prevalent over the past few days as it now finally appreciated. The exchange rate rose by 0.0260 percent to USD $ 1.4160. The Euro declined against 11 out of 16 other major currencies, amidst concerns about a possible restructuring of Greece’s debt. The Euro-USD exchange rate declined by…Read more

Crude oil dropped yesterday for a second consecutive day on concerns about Greece defaulting on its debts and rising US crude stockpile levels signaling a weakening demand in the US. WTI crude futures fell by 0.14 percent to USD $ 97.23 a barrel, while Brent crude futures fell by 0.28 percent to USD $ 110.53…Read more

Crude oil dropped yesterday for a second consecutive day on concerns about Greece defaulting on its debts and rising US crude stockpile levels signaling a weakening demand in the US. WTI crude futures fell by 0.14 percent to USD $ 97.23 a barrel, while Brent crude futures fell by 0.28 percent to USD $ 110.53…Read more

The Euro declined against 11 out of 16 other major currencies, amidst concerns about a possible restructuring of Greece’s debt. The Euro-USD exchange rate declined by 0.1562 percent to $ 1.4097. European finance ministers are expected to meet today and tomorrow in order to look into Greece’s request for an additional 110 billion Euros from…Read more

Oil futures dropped on fears of a sluggish US economy and renewed concerns over Greece’s sovereign debt issues. WTI crude futures for June delivery dropped by 1.03 percent to USD $ 98.620 a barrel. Brent crude futures declined by 0.47 percent to USD $ 113.30 a barrel. US President Barrack Obama expressed his fears in…Read more

Oil futures advanced amidst signs that the Euro zone was experiencing strong economic activity which is expected to strengthen demand of oil from the region. WTI crude futures rose by 0.39 percent to USD $ 99.65 a barrel. Brent crude futures rose by 0.75 percent to USD $ 113.83 a barrel. The EU’s statistics department…Read more

The Euro Declined against the US Dollar after US Treasury yields increased and it was reported that consumer confidence had increased in the US. The Euro-USD exchange rate declined by 0.1260 percent to USD $ 1.4228.The Thomson Reuters preliminary consumer sentiment index increased to 70 in May from its value of 69.8 in April. An…Read more

Gold and silver prices slipped, as the Chinese Central Bank increased the Reserves Requirement Ratio, oil prices tumbled and the US Dollar regained in value. Gold futures for June delivery fell by 0.21 percent to USD $ 1503.70 an ounce. Silver futures fell by 0.15 percent to last settle at USD $ 34.745 an ounce….Read more