West Texas Intermediate (WTI) – the benchmark US Crude Oil price – comes under some renewed selling pressure during the Asian session on Thursday, reversing the previous day’s modest recovery gains. The commodity, however, holds above the $88.00 mark and a nearly four-week low as traders await further developments surrounding the Middle East crisis. Recovery […]
European natural gas prices are easing after a sharp previous advance, but the broader market remains highly sensitive to Middle East developments, LNG availability and Europe’s relatively low storage levels heading into winter. Gas prices remain substantially higher than at the start of the year, reflecting continued uncertainty surrounding the Strait of Hormuz and the […]
Key takeaways Commodities Market Overview The past month brought a significant correction across commodities markets, outside the energy group. Sugar, live cattle, and orange juice also gained value. Source: XTB None of the commodities currently appear extremely overbought when looking at technical indicators like RSI, while many of them show a bearish bias looking at […]
US natural gas prices are stabilizing around $3.12/MMBtu after a two-day decline, with the market balancing increased gas availability following the return of the Mountaineer XPress pipeline against stronger LNG feedgas demand and continued hot-weather support. The fundamental picture remains mixed. Production is running near record levels, while LNG demand is increasing and hotter-than-normal temperatures […]
Key takeaways Gas gives back premium from pipeline outage, but weather and LNG prevent deeper discount US natural gas is trading around $3.12 per MMBtu and is falling for the second session in a row. However, it is worth noting one important detail key to further analysis. On September 23, futures contracts rolled over, and […]
Coal prices are recovering from recent one-month lows, with futures moving above $145 per tonne as tightening supply and disruptions to global gas markets increase the role of coal in power generation. The supply picture is becoming increasingly important. Indonesia, the world’s largest exporter of thermal coal, recorded a sharp decline in August shipments, while […]
Crude oil is trading above $93 per barrel, extending recent gains as uncertainty surrounding US-Iran negotiations continues to outweigh signs of improving physical supply from Saudi Arabia. The market remains focused on the risk that prolonged disruption around the Strait of Hormuz could keep a significant portion of Middle Eastern oil flows exposed to geopolitical […]
European natural gas prices have fallen below €72/MWh, but the decline comes against a tightening winter supply backdrop. Traders continue to monitor disruptions to LNG flows through the Strait of Hormuz, while uncertainty surrounding Gulf supplies and below-average European storage levels leave the market vulnerable to renewed price volatility. The supply picture is particularly important […]
Shift in narrative Just a few days ago, the market was heavily fearing a return of crude oil prices to new all-time records during the ongoing war. However, now investors are starting to play out a completely different scenario: the collapse of the Iran blockade. Although oil prices are rebounding significantly during the last Monday […]
US natural gas prices are trading around $3.11/MMBtu, extending their decline for a second session as the market waits for further clarity on the Mountaineer XPress pipeline disruption in West Virginia. The outage has removed an estimated 1.4–1.8 bcfd of gas flows, creating a near-term supply concern. However, the pressure from the pipeline disruption is […]