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Crude oil prices gained a bit after falling for a third consecutive day at NYMEX in New York, which is their longest losing streak in over a month. WTI for June delivery was priced at USD $ 112.39 a barrel. Meanwhile, Brent for June delivery was at USD $ 124.12 a barrel. The decline in…Read more

The British pound declined against the US Dollar, falling by 0.07 percent to be at 1.4617 against dollar.The Euro increase by 0.25 percent against the dollar to be at 1.4617 against dollar, while the dollar fell against the Japanese Yen by 0.1576 percent to be at 81.7045 against the Yen. The decline in the value…Read more

Silver prices fell on Tuesday, dragging with them the price of gold and oil downwards too. The price of silver fell by 2.78 percent to be at USD $ 45.86 an ounce, while the price of gold was at USD $ 1504.70 an ounce, decreasing by 0.29 percent. The drop in the price of silver…Read more

Oil prices declined from their 31-month high, after the Saudi Arabian national oil company announced that they were not comfortable with the high level of oil price. WTI fell by 0.13 percent at USD $ 112.13 a barrel, while Brent registered a slight increase of 0.10 percent to be at USD $ 123.78 a barrel….Read more

In the following series of posts, we shall delve deeper into analyzing crude oil in terms of its relative price in different currencies, the correlations between different currencies and oil prices, and the correlation between crude oil and gold.   Crude Oil Analysis: Correlation of Crude Oil Price with Gold Price We shall now look…Read more

In the following series of posts, we shall delve deeper into analyzing crude oil in terms of its relative price in different currencies, the correlations between different currencies and oil prices, and the correlation between crude oil and gold.   Crude Oil Analysis: Correlations of Crude Oil Price with Various Currencies We shall now be…Read more

In the following series of posts, we shall delve deeper into analyzing crude oil in terms of its relative price in different currencies, the correlations between different currencies and oil prices, and the correlation between crude oil and gold.   Crude Oil Analysis: Correlation between WTI and Brent There has been a spread, or a…Read more

In the following series of posts, we shall delve deeper into analyzing crude oil in terms of its relative price in different currencies, the correlations between different currencies and oil prices, and the correlation between crude oil and gold. Crude Oil Analysis: Relative Price of Crude Oil in terms of Different Currencies In order to…Read more

This is the second post of a two-part series in which we shall be looking into the trailing correlation between world crude oil prices and the two benchmark price indexes, Brent and the WTI. Oil extracted from different countries have their own characteristics, and are referred to by their own names. Dubai Fateh is light,…Read more

    This is the first post of a two-part series in which we shall be looking into the trailing correlation between world crude oil prices and the two benchmark price indexes, Brent and the WTI. There are several different types of crude oil which are extracted and refined worldwide. However, two of these standardized types are…Read more