European natural gas prices fell below €81/MWh on Monday, having risen to a four-week high earlier as increased tanker attacks in the Strait of Hormuz and escalating regional tensions heightened concerns over the security of LNG supplies. The strait handles around 20% of global LNG trade before the war. Despite a steady rise in European […]
Contributor: Currency Hedger | Market Analysis: Louis Roche, Today Markets Crude oil prices are moving towards $90 per barrel as expectations of additional Russian diesel supplies weigh on energy markets, interrupting a two-session rally. Hopes that Moscow could partially ease restrictions on fuel exports have raised the prospect of improved global product availability, potentially reducing […]
Contributor: Currency Hedger | Market Analysis: Louis Roche, Today Markets Natural gas prices enter Monday, 12 October, with bullish momentum building on both sides of the Atlantic. US natural gas futures gained approximately 2.5% towards the end of last week, while European prices advanced by more than 4%, as weather uncertainty, potential supply disruptions and […]
West Texas Intermediate (WTI) oil price declines after posting nearly 2.5% gains in the previous day, trading around $90.30 per barrel during Asian hours on Friday. Crude oil prices fell following statements from US President Donald Trump on social media, where he announced that the US was engaged in “productive discussions” with Iran and would […]
Crude oil prices have eased below $91 per barrel, trimming recent gains as markets assess conflicting signals surrounding US-Iran relations and the security of global energy supplies. President Donald Trump said the United States was engaged in “productive discussions” with Iran and would refrain from attacking the country before the midterm elections, easing some immediate […]
European natural gas prices fell to €77.3/MWh, retreating from an over three-week high after President Trump said the US would not resume military strikes on Iran before November’s midterm elections, easing fears of an escalation in the conflict. However, supply risks persist as Iran stepped up tanker attacks in the Strait of Hormuz, a chokepoint […]
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $88.55 during the early Asian trading hours on Thursday. WTI posts modest gains as US crude oil inventories fell unexpectedly last week. Traders will focus on fresh Houthi attacks in Saudi Arabia and continuing oil flows out of the Middle East. US crude […]
Crude oil prices are trading above $89 per barrel, recovering from the recent decline as the market reassesses the risk of a wider US-Iran confrontation. Reports that the Trump administration has instructed the Pentagon to develop potential strike options against Iran are challenging expectations that Washington would avoid a major escalation ahead of the November […]
European natural gas prices are moving above €80/MWh, reaching their highest level in more than three weeks as renewed shipping risks around the Strait of Hormuz increase concerns over global energy supply. Continued attacks on commercial and energy vessels are raising the risk of disruptions to fuel deliveries, while the possibility of further military escalation […]
US natural gas prices are extending their advance as lower domestic production, potential Gulf of Mexico disruptions and expectations for a smaller weekly storage build provide support. Prices have now risen for a fifth consecutive session, reaching a two-week high as traders assess the balance between tightening near-term supply and weather-related risks to both production […]