Brent crude oil has retreated more than 2% towards $107 per barrel following last week’s strong rally, as traders weigh signs of recovering Middle Eastern oil flows against continuing geopolitical tensions and shipping disruptions. The market remains highly sensitive to developments around the Strait of Hormuz, Russian energy exports and the pace at which regional […]
Heating oil futures are trading at 4.7545, down 0.145 points, or 2.95%, as the market retreats despite an extraordinary annual gain of 116.86%. Prices are also down 2.78% over the past month, indicating that near-term momentum has weakened following the substantial longer-term advance. However, the fourth-quarter forecast of 5.0934 points to further potential upside if […]
Coal futures are trading at 150.40, gaining 0.50% in the latest session as prices extend their positive performance across both monthly and annual periods. Coal has risen 3.98% over the past month and 45.38% over the past year, highlighting a strong longer-term advance in the market. The fourth-quarter forecast stands at 153.32, modestly above the […]
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – kicks off the new week on a weaker note, eroding a part of Friday’s strong gains to the $99.25-$99.30 region, or a one-month high. The commodity slides back below mid-$97.00s during the Asian session amid hope of improving supplies after US President Donald […]
US natural gas prices have fallen to $3.07 per million British thermal units (MMBtu), extending recent losses to reach a two-week low as mild weather forecasts reduce expectations for near-term heating demand. With temperatures expected to remain moderate through late October, the market is facing limited seasonal consumption growth just as traders assess the impact […]
European natural gas prices have extended their advance above €88 per megawatt-hour, reaching their highest level since December 2022 as constrained liquefied natural gas (LNG) supplies and escalating Middle East security concerns intensify competition for energy cargoes ahead of winter. Although European gas storage has continued to recover, inventories remain below typical seasonal levels, leaving […]
Global markets enter the week facing three competing forces: persistent inflation, geopolitical uncertainty and a critical test of corporate earnings expectations. Rising oil prices have reinforced concerns about energy supply and inflation, while higher-than-expected US CPI has complicated the outlook for monetary policy. At the same time, government bond yields have fallen amid risk aversion, […]
US natural gas futures fell sharply on Friday, with November Nymex prices declining 3.71% to a 1.5-week low as forecasts for warmer-than-normal autumn temperatures threatened to curb heating demand. However, tightening European gas conditions, stronger US LNG export flows and a smaller-than-expected weekly storage injection are providing support. The market now faces a key seasonal […]
Oil prices rallied sharply on Friday, with November WTI crude gaining 3.51% to reach a one-month high as escalating Middle East tensions, shipping disruptions and concerns over Russian fuel supplies increased the market’s geopolitical risk premium. Tight US inventories and declining domestic production added support, although higher Saudi output, potential strategic diesel releases and weakening […]
Facts: Recommendation: NATGAS.EU (D1) Source: xStation5 OPINION : Despite the strongly bullish momentum the contract price has shown in recent months, it has displayed a noticeable tendency to return toward the regression line (mean reversion) and closer to the middle of the Fibonacci channel range. The price is currently near the 423.6 level of the […]