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It's time again for our weekly gasoline update based on data from the Energy Information Administration (EIA). The price of Regular and Premium are up two and three cents, respectively, from last...
November Crude Oil tested the 50 DMA (44.66) on Monday, September 19, 2016, trading up to 44.70 and then turning around and working its way down to approach the overnight low (43.66) trading to 43.71....
Just ten days ago, all three major stock indexes in the U.S.—Dow Jones, NASDAQ, and S&P 500—experienced significant losses as the result of sell-offs. Things seem to be on a downward...
The consumer price index (CPI), a measure of inflation, came in hotter than expected Friday, registering 2.3 percent year-over-year in August on expectations of 2.0 percent. With the 5-Year Treasury...
Good Morning!My prayers go to my fellow Americans affected by the despicable, cowardly, dastardly action this Saturday night. Unfortunately, our fearless leader was invisible to offer comfort to what...
Last week energy prices were down slightly on the week. In U.S. dollars, WTI crude, Brent crude and diesel were down 7.0%, 5.3% and 2.5%, respectively. Nigeria and Libya saw their oil production...
I last covered the natural gas market back on June 20. Natural gas posted a 21-year price low in Mar. 2016 and the bottom took the form of a 7-month natural gas head-and-shoulders bottom on the daily...
Libya Setback and OPEC Progress Do you remember on Friday when traders were saying that they were selling oil because of the impending resumption of Libyan oil exports? They were saying this despite...
Gold is still range-bound but with a bullish bias in my opinion.Original post
The prices of both metals were down again this week.We would guess that it has something to do with the fact that everyone knows: higher rates are coming to the dollar. The yield on the 10-year...
As summer transitions into autumn, there seems to be little change in the sentiment for gold, which continues to remain range-bound on the daily chart, still transfixed within the Brexit candle of...
The article aims to provide forecasts for commodity prices (World Bank’s Pink Sheets) for September 2016. The Pink Sheet is a monthly statistical report on prices of major agricultural...
Despite comments from Venezuela suggesting an agreement to cut output, which has resulted in a bounce for oil this morning, last week was another negative week for oil markets as the global supply...
The Commerce Department placed initial anti-dumping tariffs on imports of carbon and alloy steel cut-to-length plate (CTL plate) from Brazil, South Africa, and Turkey late Friday.For the purpose of an...
Earlier this month we saw tin futures reach their highest price in nearly 18 months due in part to a weakened dollar and stronger than anticipated Chinese manufacturing PMI.What was not so surprising:...