Storage concerns push natural gas futures to $2.936

Natural Gas

The NYMEX September natural gas futures edge higher to $2.936 Wednesday as growing storage deficit intensified supply concerns to already-bullish market sentiment, with above-average summer temperatures lingering in the US. The expectation of analysts at S&P Global Platts was that about 45-Bcf build in storage stocks would be seen from the announcement of the US […]

Brent crude futures edge closer to $80 per barrel on tight market

Oil prices firmed on Thursday, with Brent crude creeping ever closer to $80 per barrel, a level it has not seen since November 2014, as supplies tighten while demand remains strong. Brent crude futures were at $79.36 per barrel at 0451 GMT, up 8 cents from their last close, while U.S. West Texas Intermediate (WTI) […]

Crude oil price holds above $68 with Trump-Iran standoff in focus

IEA

Crude prices inched up on Thursday, staying within sight of their highest levels in more than three years, as geopolitical tension in the Middle East and concerns about supply disruptions in key oil-producing nations provided support. New York-traded West Texas Intermediate crude futures tacked on 9 cents to $68.14 a barrel by 08:00 GMT. The […]

Brent oil hits $75.20, highest since November 2014

IEA

Brent Oil rose to fresh 3.5 year highs in the Asian session on expectations of fresh US sanctions against Iran and as the demand side of the oil market continues to strengthen, courtesy of OPEC output cut deal. Brent oil is changing hands at $74.95/barrel, having clocked a high of $75.20 earlier today. It appears […]

Oil prices slump as China, U.S. trade tensions continue

Oil prices were lower on Friday, as geopolitical tensions continued between the U.S. and China. Crude oil futures fell 0.38 percent to $63.30 a barrel by 8:36 GMT. Brent crude futures, the benchmark for oil prices outside the U.S., was down 25 cents, or 0.37percent, to $68.08 a barrel, according to investing.com. U.S. President Donald Trump […]

US shale oil to drive crude prices below $60- Fitch

Fitch Ratings, said in a report Wednesday that the U.S.’ rising shale oil production is expected to drive crude oil prices below $60 a barrel this year, where they will remain in the long-term, The global rating agency said U.S. shale growth should result in a production surplus in 2018, which would result in global […]