Energies
Energies, Market Analysis, Technical Analysis
Crude Oil Slides as Strategic Reserve Release Offsets Middle East Supply Risks
Crude oil and gasoline prices are facing renewed pressure as the planned release of strategic petroleum reserves adds a significant source of supply to the market, while ongoing tensions across the Middle East and disruptions to Russian energy infrastructure continue to create risks to global oil flows. November WTI crude oil is trading lower after […]
by Currency Hedger
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- 56 minutes ago
Energies, Market Analysis, Technical Analysis
Natural Gas Prices Recover as Cooler Weather Supports Demand While Storage Remains Elevated
Natural gas prices are finding support from changing US weather expectations, with forecasts for cooler conditions across parts of the northern and western United States potentially increasing heating demand later this month. However, the medium-term outlook remains balanced by strong domestic production, elevated storage levels and expectations for warmer-than-normal conditions associated with a potentially strong […]
by Currency Hedger
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- 1 hour ago
Energies, Market Analysis, Technical Analysis
Heating Oil SLIDES to 1-Month Low as G7 Reserve Release Targets Fuel Prices
US heating oil prices extended their decline below $4.50 per gallon on Friday, reaching their lowest level in one month as traders reacted to plans by G7 nations to consider releasing up to 100 million barrels of emergency oil and diesel reserves. French President Emmanuel Macron said the coordinated release is expected to take place […]
by Currency Hedger
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- 3 hours ago
Energies, Market Analysis, Technical Analysis
Gasoline SLIDES Below $3.30 as Emergency Reserve Release Eases Fuel Market Pressure
US gasoline futures fell below $3.30 a gallon, retreating further from their highest level in a week as reports of an emergency release of oil and diesel reserves by Group of Seven nations eased some of the immediate pressure on global fuel markets. President Emmanuel Macron said G7 nations had agreed to release 100 million […]
by Currency Hedger
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- 3 hours ago
Energies, Market Analysis
Oil Eases as G7 Plans Reserve Release
Crude oil trimmed losses to trade near $92 a barrel on Friday after reaching a one-month low of $88.06 earlier in the session, as G7 nations announced plans to release crude and diesel reserves to ease surging fuel prices. The G7 will deploy 100 million barrels of reserves over the next four months. G7 leaders […]
by Currency Hedger
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- 3 hours ago
Energies, Market Analysis
Brent Volatile Amid Middle East Tensions
Brent crude traded around $102 a barrel on Friday amid reports of additional US military deployments to the Middle East and China’s decision on Thursday to halt fuel exports this month. The US is reportedly sending a third aircraft carrier strike group to the region, along with an amphibious force carrying 2,000 Marines, raising concerns […]
by Currency Hedger
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- 3 hours ago
Energies, Market Analysis, Technical Analysis
WTI Price Forecast: Dips to $91.50 as Middle East jitters limit losses
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – attracts some sellers during the Asian session on Friday, snapping a two-day winning streak and stalling the previous day’s recovery from the vicinity of a nearly four-week low. The black liquid currently trades near $91.50, down 0.45% for the day, though the downside […]
by Currency Hedger
- 0 Comments
- 23 hours ago
Energies, Technical Analysis
European Gas Prices SLIDE Below €73 as LNG Supplies Rise but Winter Risks Loom
European natural gas prices fell below €73/MWh on Friday, giving back part of their recent gains as softer Asian LNG demand and higher U.S. supplies provided some relief to the European market. U.S. LNG exports rose to 10.9 million tonnes in September, with Europe receiving 5.91 million tonnes, or 54% of total shipments, as buyers […]
by Currency Hedger
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- 23 hours ago
Energies, Market Analysis, Technical Analysis
NATGAS falls 1.2%. What about winter?
Key takeaways US gas prices retreat ahead of storage report US natural gas (NATGAS) is down 1.2% today, with its price below the psychological threshold of $3.00/MMBtu. The market is under strong oversupply pressure, and bearish sentiment also dominates in Europe, where supply concerns are mitigated by stable LNG transit and favorable weather. What to […]
by Currency Hedger
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- 2 days ago
Energies, Market Analysis, Technical Analysis
Brent Crude Oil Prices Retreat as Middle East Supply Recovers but Hormuz Risks Keep $100 in Focus
Brent crude is trading around the $97-per-barrel area as improving Middle East oil flows ease immediate supply concerns, while uncertainty surrounding the Strait of Hormuz and stalled US-Iran negotiations continues to limit the downside. Crude movements through Hormuz have recovered toward pre-war levels, while Saudi Arabia has restored part of its East-West pipeline capacity, creating […]
by Currency Hedger
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- 2 days ago