Energies
Energies
European Gas Prices Fall for 2nd Day
European natural gas prices fell for a second session to around €71.5 per MWh on Friday as investors assessed renewed tensions in the Middle East. The latest flare-up came after a US attack on Iran triggered retaliatory strikes on American bases across the region, sending European gas prices to their highest level in more than […]
by Currency Hedger
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- 2 months ago
Energies
WTI Oil hits highs near $91 as risks of an all-out war in the Middle East grow
Crude prices resumed their upside trend on Thursday after some hesitation on Wednesday, with the US benchmark West Texas Intermediate reaching session highs a few cents below $91.00 per barrel, almost 10% up on the week so far. The resumption of hostilities between the US and Iran this week is pushing Oil prices higher amid growing concerns […]
by Currency Hedger
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- 2 months ago
Energies
Oil Prices Swing
Crude oil prices remained volatile on Thursday, swinging around $91 a barrel and trading near their highest levels in more than a month as investors continued to monitor the situation in the Middle East, including the evolving strikes and their impact on oil supplies through Hormuz. Hostilities resumed earlier this week for the first time […]
by Currency Hedger
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- 2 months ago
Energies, Technical Analysis
WTI declines to near $89.00 despite US-Iran tensions
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $89.10 during the early European trading hours on Wednesday. WTI declines as traders take some profits. However, the potential downside of black gold might be limited amid ongoing tensions in the Middle East. Iran’s Islamic Revolutionary Guard Corps (IRGC) claimed it has launched a “heavy” ballistic missile attack on […]
by Currency Hedger
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- 2 months ago
Energies
Heating Oil Surges to Record High
US heating oil prices surged past $4.70 per gallon in early September, hitting a fresh record and leaving prices about 100% higher than a year earlier amid tightening distillate markets. Supply risks have intensified as escalating tensions between the US and Iran raise concerns over oil flows through the Strait of Hormuz, while Ukrainian attacks […]
by Currency Hedger
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- 2 months ago
Energies
European Gas Advances on Rising US-Iran Hostilities
European natural gas prices rose further to €75/MWh on Wednesday, the highest level since January 2023, as rising hostilities between the US and Iran heightened fears of a prolonged disruption to LNG supplies from the Persian Gulf. Iran struck back at US military bases in Jordan, Kuwait and Bahrain following the latest US attacks on […]
by Currency Hedger
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- 2 months ago
Energies
US Natural Gas Prices Rise
US natural gas prices rose to $2.94/MMBtu, reaching their highest level in nearly eight weeks, as hot weather persisted and LNG export activity strengthened. Forecasts indicate that temperatures will remain mostly above normal across the central US through mid-September, likely keeping demand for gas-fired power generation elevated. At the same time, average gas flows to […]
by Currency Hedger
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- 2 months ago
Energies
WTI holds above $85.50 as Middle East risks tighten global supply
Akhtar FaruquiFXStreet West Texas Intermediate (WTI) oil price gains ground for the second successive day, trading around $85.60 per barrel during the Asian hours on Tuesday. Crude oil prices are climbing following a fresh wave of hostilities in the Middle East that has renewed fears over potential disruptions to regional energy flows. The escalation broke […]
by Currency Hedger
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- 2 months ago
Energies
Heating Oil Nears 5-Month High
US heating oil prices rose to around $4.45 per gallon, nearing a five-month high and leaving prices about 80% higher than a year earlier, as US distillate inventories remain well below seasonal norms. Distillate stocks fell by 2.2 million barrels to 103.4 million barrels in the week ending August 21, their lowest August level in […]
by Currency Hedger
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- 2 months ago
Energies
Crude Oil Rallies on Fresh US-Iran Strikes
Crude oil rose more than 3% to above $86 a barrel on Monday as tensions in the Middle East escalated, with the US and Iran exchanging strikes for the first time in roughly a month and new concerns emerging over shipping through the Strait of Hormuz. US forces targeted Iranian rocket launchers that were reportedly […]
by Currency Hedger
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- 2 months ago