All Eyes on Oil as Saudi Arabia Looks to Increase Production - September 20, 2012 10:36

Direction of the global economy remains dark and rumours are rife Saudi Arabia intends to further increase its oil production. This week the current contract expires on Brent Oil, which fell a further 0.6% to $111.3 but WTI held up at 0.2%. In the wake of the ECB and the Fed there has been a […]

Oil Prices Rise After A Slowdown in Output Is Shown - August 11, 2011 13:51

The price of Crude Oil futures rose by a whopping 4.5% on Wednesday after the reported inventory data showed that output fell by 5.2 million barrels during the previous week. This ended a short two days of losses on oil prices. September Crude Oil futures ended the day at $82.89 at Nymex, whilst Brent Crude […]

Dow Jones Makes Further Declines On Weak Payrolls Data - June 5, 2011 15:56

The Dow Jones Index made further declines at the end of this week closing on Friday near 100 points down at 12,151.26. The Non Farm Payrolls report showed the weakest growth in jobs since last September and a rise of 0.1% in unemployment since April. This triggered heavy selling early in the day across the […]

European Major Currencies Fall Against The Stronger Dollar - May 23, 2011 14:36

European currencies were under pressure Monday 23rd May against the US Dollar as the greenback looked set to turnaround the decline it made into the close of last week. With the Euro and British Pound trading down over 100 cent and pence respectively by time the US session got underway. With the single European currency […]

Gold and oil climb as dollar rally stalls - March 31, 2011 8:44

Gold and oil prices were higher in late Thursday (March 30) trade as investors took a renewed interest in commodities following an early week rise in the value of the US dollar. One ounce of gold currently fetches $1,425.90 in late night New York GLOBEX trade. This is up over $7 from Tuesday’s close at […]

Dollar surges to start the week - March 29, 2011 14:45

The US dollar is much stronger to start the trading week as Americans are becoming more optimistic about the economy and speculators are watching inventory levels on crude oil and other commodities. The dollar is significantly higher against major currency counterparts in early Tuesday (March 29) morning New York currency trading. One euro currently nets […]

Gold sets new standard at $1,447 - March 25, 2011 14:28

Gold prices soared to a new intraday record high during Thursday’s (March 24) trade on the New York NYMEX. The precious metal traded as high as $1,447 before falling to a closing price of $1,430.80. Wednesday’s closing price in New York established the new record high closing price at $1,438.60. The current gold spot rate […]

Oil prices fall in aftermath of Japan devastation - March 15, 2011 21:51

Oil prices are trading well below $100 as the news following Japan’s 8.9 earthquake last week continues to get worse. The Japanese government continues to advise of possible nuclear meltdowns and has made multiple mentions of radiation concerns around the northeast Japan region. One barrel of light sweet crude oil futures trades at $98.67 in […]

Oil prices drop below $100 on Japan earthquake, OPEC - March 11, 2011 19:59

A major 8.9 earthquake and tsunami struck Japan overnight in the United States, Friday afternoon in Northeast Asia. Japan is the third largest consumer oil and the emotional response from speculators quickly knocked light sweet crude futures below $100. In early Friday morning New York NYMEX trade, crude futures are worth $100.05 per barrel The […]