European natural gas prices are rebounding toward €74/MWh as uncertainty surrounding the Middle East continues to keep global LNG supply risks firmly in focus. The market is recovering from a three-week low as traders assess whether diplomatic efforts can reopen the Strait of Hormuz, a critical route for LNG and energy shipments from the Persian […]
US heating oil prices are showing renewed strength as the market reassesses domestic diesel availability following the White House denial of reports that the United States was preparing a 90-day diesel export ban. October heating oil futures remain around $4.80 per gallon, while the broader distillate market continues to trade near historically elevated levels as […]
U.S. President Donald Trump has backed restrictions on diesel exports from the United States, while Treasury Secretary Scott Bessent confirmed that the administration is examining both a full and a partial ban. No decision has yet been made, but Trump said it should come quickly. This marks a significant shift in the administration’s stance, as […]
US natural gas prices have climbed above $3.00/MMBtu, reaching their highest level since early July as stronger weather-driven power demand and robust LNG exports tighten the US gas balance. The latest rally is being driven by a combination of above-average autumn temperatures, continued air-conditioning demand, strong gas-fired power generation and rising LNG exports. At the […]
European natural gas prices are currently trading around €72/MWh, with the market at its lowest level since early September as renewed US-Iran diplomatic contacts reduce some of the immediate fears surrounding energy transportation and regional supply disruption. The latest developments are creating a more balanced near-term outlook for European gas. Increased LNG tanker and crude […]
U.S. heating oil prices are currently trading below $4.90 per gallon, reaching their lowest level in two weeks as improving Middle East oil flows and signs of diplomatic progress reduce some of the immediate supply-risk premium. Saudi Arabia has restarted its East-West oil pipeline at a reduced rate following a drone-related shutdown, while exports through […]
West Texas Intermediate (WTI) extends its losing streak after losing daily gains, trading around $90.20 per barrel during the European hours on Tuesday. Crude oil prices lose ground after Kyodo News noted a senior Iranian official, saying that Iran has offered to reopen the vital Strait of Hormuz within seven days on the condition that the United […]
Key takeaways Market Situation Since the beginning of this year, orange juice, coffee, and US natural gas remain sharply lower. Precious metals, except gold (which posts a minimal YTD decline), remain low. A large portion of commodities show rather negative signals from MACD. Source: XTB From a slightly shorter-term perspective (1 year), highly overbought markets […]
WTI crude oil prices recovered toward $93.00 per barrel on Tuesday after falling for four consecutive sessions and briefly slipping below $91.00, marking the lowest level in almost two weeks. The rebound reflects renewed buying interest as geopolitical tensions in the Middle East continue to provide support to the oil market. The latest recovery comes […]
US heating oil prices fell below $4.90 per gallon, extending their retreat from the record high reached last week as improving energy flows through the Strait of Hormuz and renewed diplomatic efforts eased immediate concerns over global fuel supplies. The decline reflects a reduction in the geopolitical risk premium that had pushed heating oil prices […]