Commodity Overview It is worth noting the low RSI on the part of coffee, gold, and nickel, while at the same time an extremely high level is found on oil and European gas. Source: XTB Natgas European Natgas is already trading around 83 EUR/MWh, approaching resistance associated with the 127.2 Fibonacci retracement of the March-April […]
Today Markets Analysis: WTI crude oil has reclaimed the $99 per barrel level, extending its recent advance as escalating Middle East tensions raise concerns over regional supply and keep a geopolitical risk premium embedded in oil prices. With crude trading close to its highest levels since May, the market remains focused on the potential for […]
Today Markets Analysis: European natural gas prices remained above €82/MWh on Tuesday, reaching their highest level since late 2022 as traders increasingly focused on the potential for prolonged disruption to global LNG supplies and Europe’s already fragile winter storage position. The combination of uncertainty around the Strait of Hormuz, reduced LNG tanker traffic and ongoing […]
Today Markets Analysis: Crude oil climbed above $102 per barrel on Tuesday, as traders continued to price heightened uncertainty around global supply and the risk of further disruption across key Middle Eastern energy routes. The latest move comes as Saudi Arabia’s East-West pipeline remains shut following drone attacks. The pipeline provides an alternative route for […]
Brent crude has pushed above $108 a barrel as disruption across the Middle East increasingly threatens physical oil supplies. What began as a geopolitical risk premium is developing into a much more serious question: how many barrels can actually reach the market? Oil markets have entered a new phase. Brent crude has surged back above […]
Today Markets Analysis: Coal prices held above $145 per tonne in mid-September, remaining close to their highest levels in three months as disruptions across global energy markets encouraged a renewed shift toward coal-fired power generation. The latest move highlights an important change in the global energy balance. While the Middle East is not a major […]
Today Markets Analysis: West Texas Intermediate (WTI) crude rebounded toward nearly four-month highs after Saudi Arabia shut its major East-West crude pipeline following drone attacks, highlighting renewed risks to Middle Eastern energy infrastructure. The disruption comes as diplomatic efforts to establish a temporary shipping corridor through the Strait of Hormuz have been postponed, leaving traders […]
Today Markets Analysis: Brent crude surged toward $108 a barrel, reaching a four-month high after gaining more than 9% last week, as Saudi Arabia shut a major crude pipeline following drone attacks. The disruption has exposed another vulnerability in Middle Eastern energy infrastructure at a time when uncertainty surrounding the Strait of Hormuz is already […]
Today Markets Analysis: US heating oil prices have climbed to around $5.10 per gallon, reaching a record high as mounting disruptions across global crude and refined-product supply chains intensify pressure on an already-tight distillate market. With US inventories well below their historical average, refinery capacity close to its limits and the winter heating season approaching, […]
European natural gas prices jumped more than 3% to above €82/MWh on Monday, the highest level since December 2022, as tensions in the Middle East persist. Saudi Arabia has closed a critical oil pipeline after drone attacks, while an advance by Yemen’s Houthis fueled concerns over further disruptions to global energy supplies. Meanwhile, a meeting […]