Crude oil prices initially rose after China cut interest rates for the first time since 2008 causing a strong upward spike in oil prices, but shortly after was followed by a strong contraction the US Federal Reserve warned that the US still faces economic risk from exposure to bad European debt. US WTI (West Texas […]

Barrick Gold (ABX) – the world’s largest gold producer – has decided to replace CEO. Gold prices have been rising steadily over the past few years, however Barrick Gold’s share price has not kept pace, so it is no surprise to see the ousting. Aaron Regent has been replaced by current CFO Jamie Sokalsky. Barrick shares have […]

Liquified natural gas (LNG) tankers are the most expensive ships in the world – and prices are rising due to limited competition from inferior Chinese ship builders and rising worldwide demand for LNG, particularly in Asia. The average price for a 160,000 m3 ship is $200 million – the same price as in 2010 before the […]

Gold and silver prices went up steadily on the assumption that the central bankers will act more aggressively in trying to stimulate their economies – particularly the US Federal Reserve. This will cause inflation, and gold is the traditional favorite hedge against inflation. The Group of Seven – central bankers from  France, Germany, Italy, Japan, […]

The Iraqi Oil Ministry released their figures showing crude oil exports dropped 2.2% in May 2012. The drop was largely due to increased domestic demand as Iraq’s economy grows, and not a result of a decline in production. Oil exports in May averaged 2.45 million barrels per day, which was lower than April’s 2.51 million […]

Hecla Mining → up $0.14 or 3.3% to $4.39 Pan American Silver → up $0.60 or 3.6% to $17.18. Silver Standard Resources → up $0.59 or 5.4% to $11.59. Silver Wheaton → up $1.16 or 4.6% to $26.64.   This volatility is what traders profit from. Open a free $100,000 demo practice account today with […]

Crude oil prices fell to an 8-month low as US unemployment rose, and also experienced less demand from the EuroZone. Oil prices dropped 4% on Friday after the US Labor Department released their employment figures showing an increase in joblessness. This signaled an economic decline, and will result in less manufacturing — the biggest consumer […]

Iraq’s momentous oil and gas auction was a complete failure. The auction was for blocks of land zoned for oil and natural gas exploration. However due to unfavorable terms in the contract and lack of supporting infrastructure to the auctioned land, very few plots were even bidded on. This was the first competitive bidding process […]

Brent Crude Oil prices fell 15% in May. While closing the day at $101.87, the futures commodity is down $17.60 for the month, marking the rost monthly loss since December 2008. The price decline was due to rising US inventory levels, poor PMI (Purchasing Managers’ Index) data signaling a slower US economy than expected, and […]

Gold and silver prices fell sharply after US PMI (Purchasing Managers’ Index) data. Currently, world economies are being bolstered by active growth in the US, so today’s PMI data was a setback for metals prices. The PMI is a survey given out to purchasing managers in Chicago asking them to rate their relative level of a […]