Crude Price Outlook

Silver futures advanced from their highest weekly drop since 1975 on account of Standard & Poor(S & P) revising Greece’s credit rating downwards. Silver futures rose by 1.72 percent to be at USD $ 37.755 an ounce. Meanwhile, gold futures advanced by 0.55 percent to USD $ 1511.50 an ounce. S&P cut Greece’s credit ratings…Read more

Crude oil futures declined at the end of trading yesterday, after surging to a three-day high on account of traders taking advantage of the price surge in order to gain profits. WTI crude futures fell by 1.37 percent to USD $ 101.15 a barrel. Brent crude futures declined by 1.22 percent to USD $ 114.49…Read more

Crude oil futures declined at the end of trading yesterday, after surging to a three-day high on account of traders taking advantage of the price surge in order to gain profits. WTI crude futures fell by 1.37 percent to USD $ 101.15 a barrel. Brent crude futures declined by 1.22 percent to USD $ 114.49…Read more

The Euro reversed its declines against the US Dollar which it had been experiencing for the past two days amidst signs that the currency does not appear to be weakening anytime soon. The Euro-USD exchange rose to USD $1.4408, increasing by 0.6416 percent. Last Friday, European Union officials agreed to review the terms of the…Read more

Silver futures regained after their worst weekly decline since 1975, while gold futures increased in value too. Silver futures rose by 2.43 percent to USD $ 36.145 an ounce. Gold futures rose by 0.83 percent to USD $ 1504 an ounce. The rebound in the commodities market was spurred by the idea that investors would…Read more

Oil futures rebounded in New York, after going for the biggest weekly slump in 2008. WTI crude futures increased by 1.85 percent to be priced at USD $ 98.98 a barrel, while Brent crude futures rose by 1.56 percent to USD $ 110.83 a barrel. Oil futures rose in New York after it became apparent…Read more

Silver futures declined further, as the increase in the margins required continues to influence investors in selling off the commodity. Silver futures declined by 2.63 percent to close the market at USD $ 35.287 an ounce. On the other hand, gold advanced by 0.69 percent to be at USD $ 1491.60 an ounce. The CME…Read more

Oil futures fell for a fifth consecutive day, marking the longest declining streak since 2008. WTI futures dropped by 2.63 percent to last settle at USD $ 97.18 per barrel. In the process, they have dropped by 15 percent since their price at 29th April of USD $ 113.93 a barrel. Brent crude futures were…Read more

All commodities registered declines during today’s morning trading. WTI crude future dropped by 5.2 percent to USD $ 94.63 a barrel. Brent crude future dropped by 5.1 percent to USD $ 105.15 a barrel. Silver future fell by 3.99 percent to USD $ 34.795 an ounce, while Gold future regained its value by 0.41 percent…Read more

The Euro plunged against major currencies, after the European Central Bank decided not to raise interest rates to tackle inflation. At the time of market closure, the Euro-USD exchange rate registered a slight gain of 0.0325 percent to be at USD $ 1.4544. The European Central Bank president, Jean Claude-Trichet, announced that the central bank…Read more