West Texas Intermediate (WTI) – the benchmark US Crude Oil price – struggles to capitalize on a modest gap-up open on Monday as traders opt to wait for further developments surrounding the Middle East crisis before placing fresh bets. Nevertheless, the commodity retains its positive bias through the Asian session and currently trades just above […]
European natural gas prices are advancing toward €73/MWh, recovering after last week’s decline as renewed uncertainty surrounding the Strait of Hormuz raises concerns over energy supply security. President Donald Trump has rejected Iran’s seven-day proposal to reopen the waterway, arguing that its terms are unacceptable, while also indicating that talks with Tehran could resume this […]
US heating oil futures have climbed back above $4.70 per gallon, ending a three-session decline as renewed uncertainty surrounding Middle East supply routes outweighs uncertainty over potential US diesel export restrictions. The market is balancing several competing forces. The lack of progress toward reopening the Strait of Hormuz is keeping energy-supply risks elevated, while the […]
Crude oil has climbed back above $93 per barrel as uncertainty surrounding the Strait of Hormuz increases the risk that the restoration of major oil flows through the waterway could take longer than previously expected. The latest move follows the rejection of Iran’s proposal to reopen the strait, while Tehran says it is still waiting […]
US natural gas prices are retreating after a sharp previous-session rally as the market receives confirmation that a major Appalachian pipeline disruption could be resolved quickly. October Nymex natural gas futures fell 10.1 cents, or 3.06%, to $3.20 per MMBtu, reversing part of the previous day’s surge to a 2.5-month nearest-futures high. The immediate catalyst […]
Crude oil and gasoline prices are facing renewed selling pressure as negotiations between the United States and Iran raise hopes of a deal that could reopen the Strait of Hormuz and restore disrupted Middle East supply flows. November WTI crude fell $2.20 to $92.15 per barrel, while November RBOB gasoline dropped 14.55 cents to $3.1840 […]
Crude oil is trading near $92 a barrel as markets weigh renewed hopes for progress in US-Iran negotiations against continued uncertainty surrounding the war, Strait of Hormuz flows and global energy supply. Iran has called for a return to an interim peace framework, raising the possibility of a phased agreement that could eventually restore more […]
Brent Crude Tests $100 as Hormuz Risk and Supply Recovery Drive Extreme Volatility Brent crude is trading around $99 per barrel, down roughly 3%, after moving as high as $105 during the latest period of heightened volatility. The sharp swings highlight a market struggling to establish a clear direction as traders balance improving physical supply […]
US natural gas prices fell to $3.16 per MMBtu on Friday as traders took profits after prices surged to a 13-week high in the previous session amid supply disruptions in West Virginia. TC Energy’s Columbia Gas Transmission pipeline in Appalachia declared force majeure due to an unexpected mechanical issue, prompting the biggest single-day gain in […]
European natural gas prices are trading around €74.4 per megawatt-hour, giving back part of the recent rebound as reports of US-Iran discussions over a possible phased agreement raise hopes that the Strait of Hormuz could eventually reopen. The diplomatic developments are easing some of the immediate risk premium in European gas, but they have not […]