Energies
Energies
Large decline in crude inventories
Crude Oil and Distillate Inventories (Weekly) [DOE]: The report is a significant surprise and a positive price signal for crude oil. Commercial crude oil inventories fell by 3.2 million barrels, while the market expected an increase of 1.9 million. This implies a surprise of about 5.1 million barrels versus consensus. The release is much weaker […]
by Currency Hedger
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- 2 weeks ago
Energies, Market Analysis, Technical Analysis
WTI Oil Prices Rise Toward $90 as Middle East Supply Risks Tighten the Market
WTI crude oil is trading near $89.50 per barrel, extending its advance as persistent risks to Middle East energy flows continue to outweigh signs of recovering regional supply. The latest strength reflects renewed concern over tanker attacks, disruptions around the Strait of Hormuz and ongoing military activity involving Iran and the Houthis. At the same […]
by Currency Hedger
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- 2 weeks ago
Energies, Market Analysis, Technical Analysis
US Natural Gas Prices Rise as Production Falls and LNG Demand Strengthens
US natural gas prices have climbed to around $3.13 per MMBtu, extending gains for a fourth consecutive session and reaching their highest level since September 25. The latest move higher is being supported by a combination of falling US production, stronger LNG feedgas demand and increasingly supportive weather forecasts. Lower output is tightening the near-term […]
by Currency Hedger
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- 2 weeks ago
Energies, Market Analysis, Technical Analysis
Gasoline Prices Rise as Gulf Storm Threatens Refinery Supply
US gasoline futures are extending their advance above $3.30 per gallon as a developing storm in the Gulf of Mexico threatens to disrupt refinery operations and add further pressure to an already tight fuel market. The immediate concern is the concentration of US refining capacity along the Gulf Coast. Refineries in Gulf states account for […]
by Currency Hedger
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- 2 weeks ago
Energies, Market Analysis, Technical Analysis
Heating Oil Prices Rise as Refinery and Diesel Supply Risks Tighten the Market
US heating oil prices are extending their advance above $4.60 per gallon as renewed supply concerns add to an already tight refined-products market. The immediate risk is increasingly centred on the availability of diesel and middle distillates rather than crude supply alone. A developing storm in the Gulf of Mexico could disrupt offshore oil activity […]
by Currency Hedger
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- 2 weeks ago
Commodities, Energies, Market Analysis, Metals, Technical Analysis
Commodity Talk: Natgas, Cocoa, Gold, Oil
Key takeaways Commodities Overview In the commodities market, we are observing a clear polarization in the energy sector, where European natural gas continues its strong wave of appreciation (+2.24% today, +162.78% YTD), while crude oil prices have come under strong supply pressure. Today’s declines in Brent crude (-3.07%) and WTI (-2.46%) deepen the correction, driven […]
by Currency Hedger
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- 2 weeks ago
Energies, Market Analysis, Technical Analysis
WTI Price Forecast: Bulls seem hesitant near $89.00 amid easing supply risks
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – edges higher during the Asian session on Tuesday, reclaiming the $89.00 mark and snapping a two-day winning streak. The black liquid, however, remains close to a four-week low, touched last Friday, amid mixed fundamental cues. The geopolitical risk premium remains in play amid […]
by Currency Hedger
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- 3 weeks ago
Energies, Market Analysis, Technical Analysis
Heating Oil Remains Elevated as Tight Diesel Supplies Offset US Tax Relief Measures
US heating oil prices are holding around $4.51 per gallon, easing from recent highs as the US administration moves to expand access to tax-exempt diesel in an effort to reduce fuel costs. However, the decline remains limited, with heating oil still close to its record level of approximately $5.20 per gallon reached in September. The […]
by Currency Hedger
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- 3 weeks ago
Energies, Market Analysis, Technical Analysis
Brent Oil Retreats as Rising Supply Offsets Middle East Risk
Brent crude is trading near $101 per barrel, giving back part of its recent gains as evidence of improving global supply begins to outweigh persistent geopolitical risks across the Middle East. The market remains caught between two opposing forces. On one side, the G7 has agreed to release up to 100 million barrels of crude […]
by Currency Hedger
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- 3 weeks ago
Energies, Technical Analysis
WTI drops to near $89.00 as G7 taps emergency reserves
West Texas Intermediate (WTI) oil price extends its losses for the second successive day, trading around $89.30 during Asian hours on Monday. Crude oil prices experienced a decline after G7 nations agreed to release 100 million barrels of crude and diesel from emergency reserves, pledging to avoid energy export restrictions following pressure from US President […]
by Currency Hedger
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- 3 weeks ago