WTI Crude Trades At a One-Week Low

May 14, 2013
WTI Crude Trades At a One-Week Low

West Texas Intermediate dropped to a one-week low today, because of forecasts that U.S. supplies climbed to the highest since 1931. The IEA announced that the U.S. oil production will be higher than the volume, demanded by the dynamically developing countries. Michael Poulsen, an analyst at Global Risk Management in […]

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Increased U.S. Oil Supply to Meet Higher Worldwide Demand

May 14, 2013
Increased U.S. Oil Supply to Meet Higher Worldwide Demand

OPEC will barely have to raise oil output in the next five years as U.S. shale oil is planned to meet most of the new worldwide demand, even if the global economy picks up the pace, the West’s energy agency said on Tuesday. According to the International Energy Agency, which […]

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Gold Regains Strength as Dollar Weakens

May 14, 2013
Gold Regains Strength as Dollar Weakens

After 3 days of lowering prices, which dropped to $1,434.15 an ounce on May 13th, gold regained strength today after luring some buyers, discouraged by the weakening of the greenback. That is the biggest intraday gain since then. Following the biggest drop in 33 years on April 15, gold has […]

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