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Bob van der Valk: This year is an instant replay of 2008 with the average price of regular gasoline in the US expected to reach $4 per gallon in the next month. Californians have already surpassed
We’ve recently looked at the tools used to gauge petroleum fundamentals (“Oil Market Indicators Explained: Part 2“). Now it’s time to turn our attention to the technical side: chart reading.
Thanks to protests in North Africa, oil prices have been surging in recent weeks as investors fear the loss of meaningful supplies of the important commodity from the world supply.
Last week saw a typical volatile reaction in commodity prices during international turbulence: the violence in Libya was a major cause for energy, commodities’ ascent. It was believed that the
Amid steady up trend of U.S. stock markets, silver (NYSE:SLV) finally broke out last week, ending the week with 8.8% gain. SLV is now above the previous high $30.18 per share, achieved on
On Wednesday, Feb. 16 Israel said Iran is sending two warships into the Suez Canal on way to Syria, and that the action is considered a “provocation.” Due to the long history of bad blood between