Energies
Energies
WTI rises to near $90.00 on escalating US-Iran conflict
West Texas Intermediate (WTI) gains ground after registering losses in the previous trading day, hovering around $90.00 per barrel during Asian hours on Monday. Crude oil prices climb following a fresh escalation of military strikes between the United States (US) and Iran, raising widespread fears of prolonged disruptions to Middle Eastern energy supplies. The conflict […]
by Currency Hedger
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- 2 months ago
Energies
Oil Rises as US and Iran Exchange Fire
Crude oil rose toward $92 per barrel on Monday, extending last week’s gains as the US and Iran exchanged strikes in the Middle East, fueling concerns over prolonged disruptions to energy flows from the region. The US targeted three Iranian oil tankers over the weekend in retaliation for ballistic missile attacks on US Navy warships. […]
by Currency Hedger
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- 2 months ago
Energies
European Gas Jumps as US-Iran Conflict Escalates
European natural gas prices jumped 4% to above €74/MWh on Monday, their highest level in more than three and a half years, amid escalating US-Iran tensions that could further disrupt energy supplies from the Persian Gulf. Iran said it had targeted oil tankers and several US-linked vessels and plans to establish a restricted maritime zone […]
by Currency Hedger
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- 2 months ago
Energies
Heating Oil Hovers Near Record Highs
US heating oil prices hovered near $4.60 per gallon, remaining close to the record high of $4.73 touched on September 2 and about 98% higher than a year earlier amid concerns over increasingly tight supplies. EIA data showed that distillate fuel stocks rose by 796 thousand barrels in the week ended August 28 but remained […]
by Currency Hedger
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- 2 months ago
Energies
Gasoline Extends Gains
US gasoline futures rose above $3.15 a gallon, extending gains for a second session amid tightening fuel supply. Elevated tensions between the US and Iran remain an upward pressure, threatening further constraints to production and supply. Adding to the pressure, persistent attacks from Ukraine in Russian refineries pushed runs to multi-year lows. Meanwhile, EIA data […]
by Currency Hedger
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- 2 months ago
Energies
Crude Oil Posts Strongest Weekly Gain Since July
Crude oil traded around $91.2 a barrel on Friday and was up more than 9% for the week, marking its strongest weekly performance since mid-July, as the war in the Middle East continued with little prospects of peace. Iran and the US exchanged missile strikes this week, while Israel’s defense minister threatened “crippling” attacks on […]
by Currency Hedger
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- 2 months ago
Energies
Crude Oil Prices Push Higher Ahead of Holiday Weekend
October WTI crude oil (CLV26) closed up +0.18 (+0.20%) on Friday, and October RBOB gasoline (RBV26) closed up +0.0797 (+2.54%). Crude oil and gasoline prices recovered from early losses and settled higher on Friday. Pre-weekend short covering lifted crude prices on Friday ahead of the three-day US Labor Day holiday weekend. Crude oil initially moved […]
by Currency Hedger
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- 2 months ago
Energies
Nat-Gas Prices Gain on Hotter US Weather Forecasts
October Nymex natural gas (NGV26) on Friday closed up +0.062 (+2.13%). Nat-gas prices settled higher on Friday but remained below Thursday’s 1.75-month nearest-futures high. Nat-gas prices rose on Friday as US weather forecasts shifted to hotter for mid-September, potentially boosting nat-gas demand from electricity providers as air-conditioning use increases. According to weather forecaster Vaisala, forecasts shifted […]
by Currency Hedger
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- 2 months ago
Energies, Technical Analysis
WTI Bulls await acceptance above $90.00 and 61.8% Fibo. amid Iran risks
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – trades below the $90.00 mark during the Asian session on Friday and remains close to its highest level since July 24, touched earlier this week. The commodity remains on track to register its steepest weekly gains since mid-July amid renewed US-Iran hostilities and supply […]
by Currency Hedger
- 0 Comments
- 2 months ago
Energies
US Natural Gas Prices Increase
US natural gas futures rose to $2.92 per MMBtu on Friday after sliding 1.5% in the previous session, as investors weighed forecasts for hot weather and improving LNG export activity against ample domestic supplies. Hot weather across the continental US kept cooling demand elevated, supporting gas consumption for power generation. At the same time, average […]
by Currency Hedger
- 0 Comments
- 2 months ago