Energies
Energies, Market Analysis
Heating Oil Lowest Since August
US heating oil futures dropped to around $4.17 per gallon, reaching their lowest level since late August, as expectations of faster progress toward ending the US-Iran war weighed on prices. Democrats’ victory in both chambers of Congress in the US midterm elections raised the prospect of tighter constraints on military spending and renewed efforts to […]
by Currency Hedger
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- 1 week ago
Energies, Market Analysis
European Natural Gas Prices Drop Further
European natural gas prices fell to €86/MWh on Thursday, extending their losses to about 17% so far this week and hovering at their lowest level in over three weeks. The decline reflects growing optimism over diplomatic efforts to resolve the US-Iran war, with Qatar continuing to mediate between the two sides. A sweeping Democratic victory […]
by Currency Hedger
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- 1 week ago
Energies, Market Analysis
US Natural Gas Prices Slip Ahead of Storage Data
US natural gas prices slipped to around $2.94 per MMBtu on Thursday after two consecutive sessions of gains, as traders awaited the latest weekly storage report. Milder weather and subdued demand have allowed energy companies to inject more gas into storage, with analysts expecting inventories to reach 1.4% above normal in the week ended October […]
by Currency Hedger
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- 1 week ago
Commodities, Energies, Market Analysis, Metals, Technical Analysis
Commodity Talk: Natgas, Wheat, Gold, Oil
Key takeaways Natural Gas (US & Europe) Technical Analysis Fundamental and Market Context US inventories are hovering near the 5-year average. The standard storage withdrawal season should begin in the coming weeks. Source: EIA, XTB The situation in Europe appears quite tense at the moment, as gas storage withdrawals started relatively early. However, December and […]
by Currency Hedger
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- 2 weeks ago
Energies, Market Analysis, Technical Analysis
US Natural Gas Prices Fall to Two-Week Low at $2.85 as Warm Weather and Slower LNG Exports Weigh on Demand
US natural gas prices have declined to $2.85/MMBtu, their lowest level in nearly two weeks, as forecasts of persistently warmer temperatures and reduced liquefied natural gas (LNG) export activity weaken the demand outlook. Above-average temperatures are expected across most of the United States through November 18, potentially limiting heating consumption during a period when seasonal […]
by Currency Hedger
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- 2 weeks ago
Energies, Market Analysis, Technical Analysis
European Natural Gas Prices Stabilise Above €92 as Middle East Tensions and Low Storage Sustain Supply Risks
European natural gas prices are holding above €92/MWh, stabilising after two consecutive sessions of declines as traders assess the prospects of diplomatic progress in the Middle East against persistent risks to global energy supplies. Qatar’s mediation efforts between the United States and Iran are offering some hope of de-escalation, but continued attacks on commercial shipping […]
by Currency Hedger
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- 2 weeks ago
Energies, Market Analysis, Technical Analysis
Brent Crude Oil Rebounds Above $106 as Fresh US Strikes Against Iran Revive Supply Disruption Fears
Brent crude has climbed back above $106 per barrel as renewed military developments involving the United States and Iran revive concerns about potential disruptions to global energy supplies. The latest reported US strike on Iran’s Qeshm Island has prompted a recovery in oil prices, reversing part of the sharp decline recorded during the previous session. […]
by Currency Hedger
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- 2 weeks ago
Energies, Market Analysis, Technical Analysis
WTI Price Forecast: Clings to modest gains above $96.00 as US-Iran peace hopes cap upside
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – attracts some dip-buyers during the Asian session on Tuesday, reversing a part of the previous day’s heavy losses to the $94.30 area, or an over two-week low. The commodity currently trades above the $96.00 mark, up over 1.0% for the day, amid mixed […]
by Currency Hedger
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- 2 weeks ago
Energies, Market Analysis
European Natural Gas Prices Stabilize After Sharp Drop
European natural gas prices stabilized at €95/MWh on Tuesday after tumbling more than 8% in the previous session on optimism over a potential diplomatic breakthrough in the Middle East, following signals from the US and Iran of a willingness to engage in peace talks. President Trump on Monday hinted at progress in negotiations to prevent […]
by Currency Hedger
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- 2 weeks ago
Energies, Market Analysis, Technical Analysis
WTI Price Forecast: Extends correction below $100
West Texas Intermediate (WTI), futures, on NYMEX, is down 2.25% to near $99.80 during the European trade on Monday. The oil price extends its correction that started after failing to progress the rally above $104.03, the five-month high posted on Friday. The WTI price comes under pressure as fears of prolonged energy supply risks have […]
by Currency Hedger
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- 2 weeks ago