On Thursday, silver futures hit the highest level the white metal has seen since 1980, which is remembered by some metals futures brokers as the year the Hunt brothers allegedly attempted to corner the market. At that time, silver prices increased ten times over to nearly $50 per troy ounce. Demand for silver was rising,… Read more.
The price of crude oil futures could be poised to rise in the coming days despite a slow start to the summer driving season in the United States. Lingering economic jitters have apparently led many Americans to continue scaling back their summer travel plans, especially in light of the difficulties in the euro zone which… Read more.
Those who plan to invest in energy futures in the coming weeks may be interested to know that the U.S. government is calling for an “active to extremely active” Atlantic hurricane season in 2010. This is potentially important because large storms, particularly those that affect states situated on the Gulf of Mexico, tend to disrupt… Read more.
Natural gas futures have reportedly been falling in recent days due to stable supplies as well as a significant increase in U.S. drilling activity. Last week, the Energy Information Administration reported that there were 2,165 billion cubic feet of natural gas in storage, marking an increase of 76 billion cubic feet over the previous week… Read more.
Oil futures appear to be losing momentum for investors this week in light of renewed concern about the economic recovery, both in the U.S. and overseas. Stock markets around the world were already jittery in light of the ongoing debt situation in the European Union, where some member states are considered candidates for a sovereign… Read more.