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👤Arthur Greene
🕔November 28, 2016
Overall business activity in Texas turned positive in November for the first time since December 2014, according to the Dallas Federal Reserve. The production index increased to 8.8 from 6.7 previously with the new orders component strengthening to -1.4 from -3.5 as the pace of decline in unfilled orders also slowed significantly on the month.…
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👤Arthur Greene
🕔November 18, 2016
According to the report from Statistics Canada, consumer price index (CPI) for October gained 0.2% from the previous month, in line with estimates and slightly higher than September’s 0.1% increase.
Canadian inflation increased as expected in October, though the annual increase in the core reading slipped unexpectedly, according to official data released on Friday.…
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👤Lisa Harris
🕔October 12, 2016
The International Energy Agency in its last data release outlined the scale of the challenge currently being faced by OPEC in their quest to raise oil prices, after the organization’s production reached a record high level in the month of September and demand growth for oil remained weak.…
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0.2% Fall Reported for US Import Prices
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👤Lisa Harris
🕔September 14, 2016
There was a slump in US import prices for the first time in the last 6 months fuelled by the current trend of falling food prices and petroleum costs, hinting at a weak outlook for the US inflation rate. This turn of events could raise the chances of rates being kept steady by the Federal Reserve next week.…
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👤Lisa Harris
🕔September 1, 2016
Crude oil is getting hammered after the latest inventory data from the Department of Energy showed a larger than expected build in crude oil stocks. West Texas Intermediate crude oil is lower by 3.7% almost at $44.60 per barrel, and is trading at its lowest level since August 15.…
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👤Lisa Harris
🕔August 23, 2016
Crude oil prices fell largely on Tuesday, after a warning was expressed by Goldman Sachs that the August price rally had long reached its saturation point and that OPEC’s proposed oil freeze at the current near record levels would do nothing to push the price higher in the currently oversupplied market.…
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👤Arthur Greene
🕔August 11, 2016
As the increase in US crude inventories and the already high Saudi Arabian production strengthened fears that a major supply glut that will remain till at least mid-next year and will keep impacting the market.
There was a slump in global crude prices as the International Brent Crude futures edged down by 10 cents to settle at $43.95 per barrel, and WTI Crude futures was trading 10 cents lower at $41.95 per barrel at 6:50GMT.…
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