Week in Review

This week saw markets turn to the uptrend, setting numerous new 2019 highs thanks to OPEC supply cuts. Nigeria signaled their support for balancing oil markets, and Saudi Arabia’s push for $80/bbl oil is keeping upward pressure on prices. The Federal Reserve released the minutes from their recent meeting, and the takeaway was that the […]

Oil Hits New 2019 High, Nigeria to Join Saudis in Cuts

Oil is back on its way to higher prices amid continued focus on OPEC’s cuts. Crude picked up over 80 cents yesterday (1.5%) to set yet another 2019 high. From here, a clear break above $60 would signal a return to the ranges seen before the Q4 2018 bear drop. This morning, crude oil is […]

Natural Gas News – February 21, 2019

Natural Gas News – February 21, 2019 NiSource’s Bill From Natural-Gas Explosion Near Boston Approaches $1 Billion Dispatch reported: The bill from the natural-gas explosion that rocked three Boston suburbs in September is up to $888 million and climbing. NiSource, the parent company of Columbia Gas of Ohio and Columbia Gas of Massachusetts, laid out […]

China’s Shale Revolution?

Crude oil set a new multi-month high yesterday, trading mildly higher in conjunction with other financial markets. After some early morning losses, crude oil appears to be continuing its slow march higher. WTI Crude is currently trading at $56.28, up 19 cents from yesterday’s close. Unlike crude, fuel prices traded lower yesterday, with diesel falling […]

Natural Gas News – February 20, 2019

Natural Gas News – February 20, 2019 Cheaper Natural Gas Is Coming To Europe Oil Price reported: The European Union recently updated its gas pipeline rules in a bid to assuage concerns about its deepening dependence on Russian gas. The move was generally praised by Nord Stream 2 opponents, but guardedly, since the update did […]

Quiet Post-Holiday Market

After closing early yesterday in observance of President’s Day, oil markets are continuing to trade in line with Friday’s closing price.  Brent settled above its 100-day moving average for the first time since October 2018, which could lead to stronger buying interest from fund managers. WTI crude remains below its 100-day moving average of $57.45. […]

Natural Gas News – February 19, 2019

Natural Gas News – February 19, 2019 Russia’s Gazprom To Start China Gas Pipeline By December 1 Oil Price reported: Russia’s gas giant Gazprom will begin natural gas deliveries to China via the Power of Siberia pipeline ahead of schedule, as early as December 1, 2019, Alexey Miller, Chairman of Gazprom’s Management Committee, has said […]

Markets Hit 3-Month High on Supply Concerns and Trade Optimism

While most financial markets are closed today, NYMEX energy prices continue trading this morning.  Despite an increase of 3 rigs in the Baker Hughes rig data, oil prices are setting their aims higher this morning. After closing at the highest level in three months on Friday, WTI crude oil is trading at $56.09 this morning, […]

Market Condition Report - Disclaimer
The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.

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