European natural gas prices rebounded toward €74 per megawatt-hour on Tuesday, recovering after falling almost 8% in the previous session to a two-week low. The sharp reversal highlights how quickly European gas markets are responding to changes in geopolitical risk, LNG shipping conditions and expectations for winter supply. The latest decline had been driven by […]
In the European gas market (Dutch TTF benchmark), we are observing a sharp sell-off today, with prices falling below the key level of 80 EUR/MWh. Recently, we have seen a strong correlation with oil prices, linked to shared concerns over Middle Eastern supply and rising demand in Asia for both oil and gas. Today, despite […]
European natural gas prices fell below €79/MWh on Monday, retreating after a sharp rise in the previous session as traders monitored diplomatic developments surrounding the Middle East conflict and their potential impact on global LNG supplies. The decline came as oil prices also moved lower following renewed expectations of diplomatic engagement between the United States […]
US natural gas futures recovered on Friday after falling to a one-week low, with October Nymex natural gas closing 1.1 cents higher at $2.86/MMBtu, up 0.38%, as pre-weekend short covering helped prices recover despite increasingly cooler US weather forecasts. The natural gas market remains caught between competing fundamental forces. Cooler US temperatures, record-high projected storage […]
WTI crude oil futures fell on Friday as hopes for renewed Middle East diplomacy eased immediate fears of a prolonged supply disruption, although the broader oil market remains fundamentally tight because of disrupted Middle Eastern and Russian flows. October WTI crude oil closed $1.61 lower at $100.36 per barrel, down 1.58%, while October RBOB gasoline […]
WTI crude oil prices are consolidating below the mid-$96 area on Friday after failing to extend the latest rebound from $94.65, but the broader technical structure remains constructive as escalating Middle East tensions keep a geopolitical risk premium embedded in oil prices. West Texas Intermediate is trading around $96.35 per barrel, down roughly 0.20% on […]
US technology stocks staged a powerful rebound Thursday despite the Federal Reserve delivering its first interest-rate increase since 2023, with the Nasdaq Composite jumping 1.7%, the S&P 500 rising 1.1% and the Dow Jones Industrial Average gaining 0.6%. At first glance, the move appears counterintuitive. The Federal Reserve raised its benchmark interest rate by 25 […]
The oil market entered the week with traders expecting a potentially sharp increase in crude prices after a major escalation in Middle Eastern supply risks. Attacks by the Houthis, an Iranian-backed group, targeted more than 70 sites in Saudi Arabia, including the strategically important East-West pipeline, which allows Saudi crude to bypass the Strait of […]
US heating oil prices eased to around $5.05 per gallon, retreating from a record high of $5.26 reached earlier this week as rising distillate inventories and potential alternative routes for Middle Eastern crude offered some relief to an exceptionally tight market. The pullback remains limited, however, with US distillate inventories still 13% below their five-year […]
US natural gas futures fell more than 1% on Friday to around $2.85/MMBtu, reversing the previous session’s gains as cooler weather forecasts reduced expectations for late-September cooling demand. The latest forecasts show above-average temperatures covering a smaller portion of the South and Southeast from September 22 through October 1, potentially reducing natural gas demand from […]