Energies
Energies, Market Analysis, Technical Analysis
Heating Oil Falls Below $4.90 as Middle East Supply Risks Ease but Winter Demand and Tight Inventories Loom
U.S. heating oil prices are currently trading below $4.90 per gallon, reaching their lowest level in two weeks as improving Middle East oil flows and signs of diplomatic progress reduce some of the immediate supply-risk premium. Saudi Arabia has restarted its East-West oil pipeline at a reduced rate following a drone-related shutdown, while exports through […]
by Currency Hedger
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- 2 weeks ago
Energies, Market Analysis
WTI falls to near $90.00 after news of Iran proposing reopening Hormuz
West Texas Intermediate (WTI) extends its losing streak after losing daily gains, trading around $90.20 per barrel during the European hours on Tuesday. Crude oil prices lose ground after Kyodo News noted a senior Iranian official, saying that Iran has offered to reopen the vital Strait of Hormuz within seven days on the condition that the United […]
by Currency Hedger
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- 2 weeks ago
Commodities, Energies, Market Analysis, Technical Analysis
Commodity Talk – Oil, Natgas, Cotton, Cocoa
Key takeaways Market Situation Since the beginning of this year, orange juice, coffee, and US natural gas remain sharply lower. Precious metals, except gold (which posts a minimal YTD decline), remain low. A large portion of commodities show rather negative signals from MACD. Source: XTB From a slightly shorter-term perspective (1 year), highly overbought markets […]
by Currency Hedger
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- 2 weeks ago
Energies, Market Analysis, Technical Analysis
WTI Crude Oil Forecast: Bulls Target $93 as Geopolitical Risk Supports Oil Above Key Fibonacci Levels
WTI crude oil prices recovered toward $93.00 per barrel on Tuesday after falling for four consecutive sessions and briefly slipping below $91.00, marking the lowest level in almost two weeks. The rebound reflects renewed buying interest as geopolitical tensions in the Middle East continue to provide support to the oil market. The latest recovery comes […]
by Currency Hedger
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- 2 weeks ago
Energies, Market Analysis, Technical Analysis
Heating Oil Price Forecast: US Heating Oil Falls Below $4.90 as Supply Risks Persist Ahead of Winter
US heating oil prices fell below $4.90 per gallon, extending their retreat from the record high reached last week as improving energy flows through the Strait of Hormuz and renewed diplomatic efforts eased immediate concerns over global fuel supplies. The decline reflects a reduction in the geopolitical risk premium that had pushed heating oil prices […]
by Currency Hedger
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- 2 weeks ago
Energies, Market Analysis
European Natural Gas Price Forecast: TTF Gas Rebounds as Middle East Risks and Low German Storage Keep Winter Supply in Focus
European natural gas prices rebounded toward €74 per megawatt-hour on Tuesday, recovering after falling almost 8% in the previous session to a two-week low. The sharp reversal highlights how quickly European gas markets are responding to changes in geopolitical risk, LNG shipping conditions and expectations for winter supply. The latest decline had been driven by […]
by Currency Hedger
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- 2 weeks ago
Energies, Market Analysis, Technical Analysis
Chart of the Day: European Gas (NATGAS.EU) below 80 EUR, but Goldman Sachs warns of 105 EUR/MWh.
In the European gas market (Dutch TTF benchmark), we are observing a sharp sell-off today, with prices falling below the key level of 80 EUR/MWh. Recently, we have seen a strong correlation with oil prices, linked to shared concerns over Middle Eastern supply and rising demand in Asia for both oil and gas. Today, despite […]
by Currency Hedger
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- 2 weeks ago
Energies, Market Analysis, Technical Analysis
European Natural Gas Price Forecast: TTF Gas Falls Below €79 as Middle East Diplomacy and Winter Supply Risks Collide
European natural gas prices fell below €79/MWh on Monday, retreating after a sharp rise in the previous session as traders monitored diplomatic developments surrounding the Middle East conflict and their potential impact on global LNG supplies. The decline came as oil prices also moved lower following renewed expectations of diplomatic engagement between the United States […]
by Currency Hedger
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- 2 weeks ago
Energies, Market Analysis, Technical Analysis
US Natural Gas Futures Rebound as Low Storage Builds, European Gas Shortages and LNG Demand Offset Cooler Weather
US natural gas futures recovered on Friday after falling to a one-week low, with October Nymex natural gas closing 1.1 cents higher at $2.86/MMBtu, up 0.38%, as pre-weekend short covering helped prices recover despite increasingly cooler US weather forecasts. The natural gas market remains caught between competing fundamental forces. Cooler US temperatures, record-high projected storage […]
by Currency Hedger
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- 2 weeks ago
Energies, Market Analysis, Technical Analysis
WTI Crude Oil Falls 1.6% as Middle East Diplomacy Eases Supply Fears Despite Tight Global Oil Markets
WTI crude oil futures fell on Friday as hopes for renewed Middle East diplomacy eased immediate fears of a prolonged supply disruption, although the broader oil market remains fundamentally tight because of disrupted Middle Eastern and Russian flows. October WTI crude oil closed $1.61 lower at $100.36 per barrel, down 1.58%, while October RBOB gasoline […]
by Currency Hedger
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- 2 weeks ago