Oil, Iran and the West - September 25, 2012 23:28

Oil prices ended down Tuesday after opening sharply higher in a market weighed down from the speech by an officer of the Federal Reserve of the United States (Fed) questioning the effectiveness of the latest stimulus from the institution. Crude oil futures in New York did not go positive into the green all morning, supported […]

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 […]

Gold Jumps on ECB’s Bond Buy Program - September 7, 2012 23:55

Gold futures surged on Thursday and reached their higher level in last six months in reaction to announcement of European Central Bank regarding its bond buy program.

EIA Reports Decline of 7.4 Million Barrels in Oil Supplies - September 7, 2012 23:50

The Energy Information Administration released its report on Thursday which was delayed due to Labor Day this week. According to the EIA’s report, crude oil inventories fell by 7.4 million barrels for the week ending August 31st, 2012 while analysts predicted the drop of 5 million barrels. EIA also reported the its data on gasoline […]

Gold Declines ahead of ECB Meeting - September 6, 2012 23:59

Gold futures fell on Wednesday as investors had mixed opinions before the meeting of European Central Bank on Thursday. Investors are also keenly waiting of US jobs data due on Friday. Gold futures contract for December delivery fell 0.1 percent or $2 to settle at $1,694 per ounce on the Comex division of the New […]

Crude Oil Volatile on Weak Economic Data - September 6, 2012 23:56

Crude oil futures slightly gained on Wednesday after volatile session due to weak macroeconomic data, while on the positive side investors were hoping for decrease in oil inventories data. Investors were pessimistic after the decline in US manufacturing data which fell for the third consecutive month. The euro zone’s Markit purchasing managers’ index also turned […]

Gold Futures Drops ahead of Bernanke Speech - August 30, 2012 23:57

Gold futures declined on Wednesday mainly in reaction to stronger greenback while investors were also mixed over the decision of central bankers ahead of Bernanke speech. Gold futures contract for December delivery plunged 0.4 percent or %6.70 to settle at $1,663 per ounce on the Comex division of the New York Mercantile Exchange. US Federal […]

EIA Reports Increase of 3.8 Million Barrels in Oil Stockpiles - August 30, 2012 23:51

Energy Information Administration released its inventories report on Wednesday according to which crude oil supplies jumped by 3.8 million barrels for the week ending August 24th, 2012. On the other hand American Petroleum Institute reported much higher increase in oil supplies a day earlier in its report. Analysts on average were expecting the decrease of […]

Gold Declines on Lower Consumer Sentiment - August 29, 2012 23:57

Gold futures fell on Tuesday in reaction to the negative reading of consumer sentiment which depicts sluggish economic growth. Gold futures contract for December delivery dropped 0.4 percent or $5.90 to settle at $1,669.70 per ounce on the Comex division of the New York mercantile Exchange.