-
US Natural Gas Prices Eye Fourth Session Of Gains As Lower Supply, Persistent Heat Sustain Bulls: More Gains To Follow?
Friday, August 9, 2024 - 10:41am | 671U.S. natural gas prices, tracked by the United States Natural Gas Fund LP (NYSE:UNG), are on pace to extend their winning streak to four sessions on Friday as the combination of lower-than-expected inventory builds and increased demand due to persistent heat reversed the bearish trend that...
-
Rising Tensions, Rising Oil: How Middle East Tensions Can Redefine Energy Markets
Monday, October 9, 2023 - 3:37pm | 696First and foremost, my heart goes out to everyone affected by the conflict that erupted over the weekend. As battles continue in Israel, the energy market has taken center stage among traders. Geopolitical events are challenging to navigate due to their fluid nature and unpredictability. Here's...
-
The War In Ukraine Could Bring Higher Winter Heating Bills In The US: How Investors Can Make Up The Difference
Thursday, October 27, 2022 - 10:54am | 757U.S. households that primarily use natural gas for heating will spend an average of $931 on heating during the October to March winter season, according to a recent report by the U.S. Energy Information Administration. That’s 28% more than they spent last year. As expected, natural gas...
-
Regional Banks, Other Cyclicals Saw Buying Interest Yesterday Amid Stimulus Hopes
Friday, March 27, 2020 - 9:59am | 2539Over the last month, we’ve seen steep sell-offs and meteoric rallies, including the one we just had with major indices up 20% in the last three days. But even in the good weeks, there’s one thing standing between a positive finish and the weekend: Friday. When you have three up-days...
-
So Much For The OPEC Deal: Oil Trading Near Multiweek Lows
Thursday, June 1, 2017 - 9:50am | 334The Organization of the Petroleum Exporting Countries extended a 2016 agreement which calls on most of its members and several non-members to collectively lower their oil output to help support oil prices. One week later, the price of oil is flirting with a multiweek low — causing some...
-
Coal ETF Still Hoping Trump Delivers
Thursday, April 6, 2017 - 9:44am | 462The VanEck Vectors Coal ETF (NYSE: KOL) was one of last year's best-performing non-leveraged exchange-traded funds for a simple reason: Of the two nominees for the U.S. presidency, one was vocal in her disdain for the coal industry while one vowed to restore the industry's lost jobs....
-
Low Oil Prices Pave The Way For Investment Opportunities
Wednesday, February 10, 2016 - 9:48am | 386This week, oil prices made their way below $28 per barrel, and some analysts began to warn that the record lows weren't at rock bottom just yet, according to the Wall Street Journal. Oil's continuing weakness has hammered energy firms over the past year, and judging by the first month of 2016,...
-
Americans Don't Know Where Their Oil Comes From
Wednesday, December 2, 2015 - 2:51pm | 474A recent survey indicates that Americans believe the Middle East supplies the majority of U.S. oil imports. In reality, Canada is by far the the country's largest supplier of foreign oil. Domestic and Western Hemisphere production combines to make up about 85 percent of U.S. oil...
-
This Is Why Oil Is Hitting New Lows
Wednesday, August 19, 2015 - 4:15pm | 450Crude oil prices hit fresh 6.5-year lows on Wednesday, and the trigger seems to be the most recent U.S. commercial crude oil inventories number reported by the U.S. Energy Information Administration (EIA). Inventories were widely expected to continue falling from all-time highs reached back in...
-
Savings At The Pump Not Enough To Loosen Consumers' Purse Strings
Friday, February 13, 2015 - 3:33pm | 369U.S. retail sales figures out on Thursday showed that lower gas prices weren’t enough to prompt U.S. shoppers to spend more. Sales fell 0.8 percent in January, a near repeat of December’s 0.9 percent decline. While gas prices accounted for much of the 0.8 percent loss, spending...
-
Brent Makes Modest Gains, Fed Outcome Awaited
Wednesday, October 29, 2014 - 8:39am | 379Brent crude oil was steady above $86 on Wednesday morning as investors awaited the results of the Federal Reserve’s two-day policy meeting. The commodity traded at $86.47 at 7:45 GMT with the bank set to wrap up and deliver its forward guidance later in the day. The Federal Open Market...
-
Brent Below $103 On OPEC Output
Wednesday, August 13, 2014 - 8:00am | 369Brent sunk to a 13-month low on Wednesday as a global oversupply outweighed concerns about instability in all corners of the world. The commodity traded at $102.77 at 8:15 GMT on Wednesday morning following a report that showed OPEC’s output had increased. The Organization of the...
-
Escalation In Ukraine Pushes Brent Toward $108
Wednesday, April 9, 2014 - 7:44am | 330Brent crude oil ticked up as tension in Ukraine grew. The commodity traded at $107.50 at 6:20 GMT after reports that pro-Russian groups had seized government buildings in several eastern Ukrainian cities. Over the weekend, Ukrainian officials announced that uprisings in eastern Ukraine were...
-
Brent Slides Lower On Iran/US Talks
Thursday, September 26, 2013 - 7:17am | 309Brent crude oil slid below $109 as talks between Iran and six other world leaders got underway. The commodity traded at $108.34 at 7:00 GMT on Thursday morning. After years of conflict with the US over its nuclear capabilities, the Iranian government is willing to sit down with Western leaders...
-
Brent Steady On Non-Violent Solution In Syria
Wednesday, September 11, 2013 - 7:28am | 298Brent was steady on Wednesday as the tension between the West and Syria eased. After tumbling four percent over the past two days, the commodity traded at $111.43 at 7:03 GMT on Wednesday morning. Syria has accepted a proposal, backed by the country's ally Russia, to hand its chemical weapons...