Natural Gas (NG) News, Page 1

U.S. West Texas Intermediate and international-benchmark Brent crude oil hit their highest levels since December 7 on Friday, led by another day of stock market gains, and a report that China has offered a plan to erase its trade surplus with the United States. The news about China drove up

The upside momentum from Friday’s change in trend and Monday’s gap higher opening has driven the March Natural Gas futures contract into a key 50% to 61.8% retracement at $3.215 to $3.320. This is the first objective.

After consolidating on the daily chart for several days, natural gas futures finally blasted through short-term resistance to change the trend to up. U.S. West Texas Intermediate and international-benchmark crude oil futures tumbled nearly 2-percent on Friday as some of the positive vibe generated by U.S.-China trade hopes gave way

U.S. West Texas Intermediate and international-benchmark crude oil futures rallied on Friday, led by increased demand for higher-risk assets. Profit-takers and new short-sellers re-emerged on Friday in response to a bullish U.S. Non-Farm Payrolls report and dovish remarks from Fed Chair Jerome Powell. Natural gas prices posted a modest gain

Gold hit its highest level since June 20 on Wednesday, helped by weaker equity prices which increased its appeal as a safe-haven asset. Crude oil rallied on Wednesday, boosted by signs of tighter supplies from Saudi Arabia. After a promising opening to the new year, natural gas prices fell after

U.S. West Texas Intermediate and international-benchmark Brent crude oil settled slightly higher on Monday with most of the price action guided by the higher stock market. Gold edged lower on Monday after hitting a 6-month high early in the session. Concerns over the weather and its impact on heating demand

End-of-the-year profit-taking and position-squaring helped U.S. West Texas Intermediate and international-benchmark crude oil finish higher on Friday although the move was not enough to prevent a third straight week of losses. Natural gas futures fell on Friday after a report from the EIA showed that domestic supplies of natural gas

The American Petroleum Institute (API) reported an unexpected crude oil inventory build of 6.9 million barrels for the week-ending December 21. Natural gas futures posted another wide trading range on Thursday as investors primarily ignored potentially bearish weather reports, reacting instead to the expiration of the January futures contract. Gold futures

U.S. West Texas Intermediate and international benchmark crude oil futures posted their strongest daily performance in more than two years on Wednesday on short-covering and position-squaring amid steep gains in the U.S. stock market. Natural gas futures finished a volatile trading by posting a potentially bullish closing price reversal bottom

The crashes seen in the price of crude oil over the past few months has arguably been the biggest story of the year, with the market tumbling by more than a third since the start of October.

Asian equities slumped across the board following a massive sell-off in the US market. The US market was able to stage a significant rebound on Tuesday as all sectors move higher.

On Sunday that the Canadian province of Alberta ordered its producers to scale back output by 325,000 bpd until excess crude in storage is reduced. Crude traders were also surprised on Monday by the news that OPEC member Qatar would be leaving the organization on January 1. If more of

The EIA reported that domestic supplies of natural gas fell by 59 billion cubic feet for the week-ended November 23. Analyst estimates varied ahead of the report with median estimates ranging from 63 Bcf to 82 Bcf.

Although cheaper crude oil may spur economic growth, its abrupt collapse has caused a chain reaction dragging down other risky assets, such as the shares of the energy sector and major stock indices. Such a situation was also evident back in 2014.

I think Trump could trigger the start of a Santa Claus rally to save his presidency and boost his re-election chances as early as December 1 if he strikes a trade deal with China at the G-20 summit in Argentina.

According to the U.S. Energy Information Administration, domestic supplies of natural gas fell by 134 billion cubic feet for the week-ended November 16, signaling the first weekly drawdown of the winter heating season.

US markets were up in early Wednesday futures trading as tech and oil prices rebound. The European markets were broadly higher in light trade at midday. Asian markets were cautious in the wake of Tuesday’s US sell-off.

A triple-digit withdrawal will be major news since it’s still only November and the winter heating season is just getting started. Furthermore, it will significantly widen the year-on-year and five-year storage deficits. This could pose problems later in the winter season if the cold blasts continue.

Shares of Target plunged 9.2 percent on the news. The bearishness quickly spread across the Retail Sector and into the broad-based markets, leading to steep losses in the major indices. Crude oil prices plunged over 6% to a fresh one-year low. According to reports the Italy-Germany 10-year bond yields spread

The US dollar rose to new near 16-month high on last week’s bullish news. European markets moved lower as selling in the tech-sector intensifies. Traders wary of global oil supply.