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Nat Gas futures lower on upcoming warming trend
The latest NOAA forecasts that hit the airwaves over the weekend are presenting a noticeably different picture than those issued just last week. The latest temperature forecasts as now suggesting that...
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Brent Ticks Up on Saudi Expectations for Demand Growth
Brent crude oil traded at 110.80 at 8:55 GMT on Tuesday morning after chopping trading on Monday pushed the commodity past $111.Reuters reported that Saudi Arabian oil minister Ali Al-Naimi made...
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Oil prices mostly lower
A mixed performance in the oil complex to start the week with Brent, Gasoil and HO all adding value while WTI and RBOB declined on the day. Mixed economic data along with a mid-west to US Gulf Coast...
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Brent Crude Oil May Contract - Forecast by Daytradeideas.com
Brent Crude formed a bullish inverse head & shoulders as hoped & we made it all the way to our measured target of 111.20/50. We suggested to exit all longs here & try shorts with a stop...
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Weak Manufacturing Data Across the Globe Pressures Brent Prices
Brent crude oil fell under pressure on Wednesday morning after weak data and growing inventories worried investors. The commodity fell for a second day and traded at $110.19 at 9:00 GMT.According to...
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Credit Suisse Lowers Price Targets on Commodities, Prices Sink
Commodity markets traded lower in early trade Wednesday following a new note from Credit Suisse highlighting that they expect weakness in commodity markets over the next few years.The analysts at...
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Oil prices lower ahead of EIA inventory report
Oil prices are drifting lower ahead of this morning's EIA oil inventory report and after the API reported a much larger than expected build in crude oil but partially offset by a larger than expected...
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Brent Under Pressure From Poor Global Demand
Brent crude oil tumbled on Wednesday after poor demand outlook and rising stockpiles put pressure on prices. The commodity steadied at $107.16 on Thursday morning at 11:00 GMT after falling more than...
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Oil prices mixed
Yesterday was definitely a risk off trading session with most risk assets getting hit with a strong round of selling… including the oil complex. The weekly EIA oil inventory report was mixed with a...
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Gas Starts Flowing from Israel's Levant Basin, What Now?
The first gas has started flowing from Israel's supergiant Tamar gasfield in the Levant Basin. Where it will go will redraw the Mediterranean energy map and the geopolitics that goes along with it.
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Brent Tumbles on US Jobs Data
Brent crude oil continued its tumble on Friday morning and fell to 106.40 at 7:23 GMT. The commodity hit a five month low on Thursday after US jobless data fueled fear that the oil consuming giant's...
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Oil prices drifting lower
The risk off trading pattern has been the dominant pattern for most of the week (so far). Everything in the oil complex is lower for the week with WTI leading the way down resulting in a modest short...
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Brent Finds Support From BoJ's Stimulus Plan
Brent crude oil gained modestly on Monday, ticking up to $105.26 at 9:22 GMT. The commodity has been under pressure recently as slowing global growth and decreased demand has caused inventories to rise...
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Oil prices higher on short covering
The oil complex is starting the week in positive territory after a week of strong losses. In fact WTI experienced the largest weekly loss in six months while the Brent/WTI spread narrowed to the lowest...
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Nat Gas holding Friday's gains
The Nat Gas futures market is holding the gains from last Friday's rally and actually adding to them. The spot contract has been hovering either side of the new resistance area of $4.16/mmbtu with no...
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Brent Trades at $105 as Global Demand Wanes
Brent crude oil dipped below $105.00 on Monday after choppy trading brought prices down. The commodity reached above $105.00 on Tuesday morning following data that showed China's inflation eased in...
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Oil prices continue higher on light short covering
Oil prices spent all of Monday's trading session in positive territory mostly as a result of a mild short covering rally after last week's strong losses. The rally in oil prices was also supported by...
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