Commodity Blog

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Crude Oil Rebound as Tension in Middle East Returns Posted: 21 Nov 2012 07:18 PM PST Crude oil rallied on fears that the conflict between Israel and Gaza may resume. Bus exploded in Tel-Aviv, injuring at least 10 people. The reason for the explosion is unclear yet, but tension is already growing. Crude also gained as US inventories unexpectedly shrank. Stockpiles declined by 1.5 million barrels to 374.5 million barrels last week. Forecasts have promised an increase by 800,000 barrels. January contract for WTI crude oil rose $0.27 (0.31 percent) to $87.65 per barrel as of 3:03 GMT on NYMEX today. Brent crude advanced $0.16 (0.14 percent) to $111.02 per barrel on ICE. (...) Read the rest of Crude Oil Rebound as Tension in Middle East Returns (12 words) Posted on Commodity blog.

Video: Gold, Silver, Oil & Natural Gas Forecasts for November 21 Posted: 21 Nov 2012 04:02 AM PST These short videos show daily forecast for gold, silver, crude oil and natural gas. The analysis suggest whether traders should be long or short on the commodities and describe important support and resistance levels. The videos also briefly mention some fundamentals behind price moves. (...) Read the rest of Video: Gold, Silver, Oil & Natural Gas Forecasts for November 21 (32 words) Posted on Commodity blog.

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