The U.S. trade deficit during the month of June closed more than forecast as crude oil prices fell the most in more than three years, Bloomberg reports. The deficit dropped 11 percent to $42.9 billion, signifying the smallest shortfall since December 2010. The metric checked in at $48 billion during May, figures released by the… Read More.
The world's seven financially healthiest nations will advocate for the euro zone countries victimized by the voracious sovereign debt crisis, according to those nations' leaders who partook in the Tuesday teleconference. Bloomberg reports finance ministers and central bank governors agreed to manifest a coordinated defense for the beleaguered nations. Two debt-hobbled nations, Spain and Greece,… Read More.
In addition to good will for a certain nation surrounded by the Aegean, Ionian and Mediterranean seas, the commodities complex also benefited from a debt deal approved by finance ministers to stave off a euro zone nation's impending default on financial obligations, according to Bloomberg. The deal stamped with approval on Tuesday morning for the… Read More.
Analysts expect to see shortages of a wide variety of commodities in the next year – and investors are pricing in the possible gaps between supply and demand. Barclays Capital's latest survey of major investors – conducted as the crises in Japan and the Middle East were peaking – found that there was strong sentiment… Read More.
As the lifeblood of the modern economy, oil is a vitally important commodity for every market in the world. Crude oil futures have been on a tear recently, as the spread of revolutionary activity and unrest across the Middle East continues to worry investors, analysts and politicians. Before the latest unrest flared up in Libya,… Read More.
The prices of a tank of gasoline, a loaf of bread and a gold coin are likely to rise in the coming weeks. Commodity futures of every type are gaining as the rising level of global conflict makes investors aware of the risks in an increasingly unstable world. The trend really began last year when… Read More.
The Middle East is more volatile than usual lately – and that's been good news for both the news industry and commodity futures brokers. Risk-linked assets like precious metals futures and crude oil futures have surged as civil unrest spread from Tunisia to Egypt, Bahrain, Libya and Yemen. Brent crude oil futures surged over 5… Read More.
West Africa isn't known for its political stability – but events in this critical region threaten to throw the whole area into chaos, with profound political and economic repercussions. Currently, the two hotspots are the Ivory Coast and Nigeria. The former only recently emerged from decades of brutal and intractable civil war, and that conflict… Read More.
Commodity prices have been on a steady surge for the past year – indeed, commodity futures investors did better than those in most other sectors across the span of 2010. Silver had a stand-out year, rising over 80 percent on the back of enthusiasm for precious metals that have industrial applications. Wheat, corn and soybeans… Read More.
Unprecedented and wide-ranging national protests in Egypt grabbed the attention of the global media this week, as the people of the Arab world's largest country poured onto the streets to protest against the economic injustices and the political repression they've lived under during the regime of president Hosni Mubarak. Mubarak took power after the assassination of… Read More.