(Oil Price) – Some traders are betting that Europe’s natural gas prices would surge by 60% from current levels by next summer, amid many uncertainties on the market months from now. Options were traded on Monday at calls of $59 (50 euros) per megawatt-hour for April to September 2026, data compiled by Bloomberg showed on Tuesday. Dutch TTF Natural Gas Futures, the benchmark
(BOE Report) – Growing blind spots in the oil market driven by geopolitics are making it harder to determine the true supply-demand balance in the world’s largest and most important commodity market. That’s a recipe for volatility. Little is known about two of the major drivers of today’s global oil market: the flow of sanctioned oil and Chinese stockpiling. Add
(Investing) – LONDON -Oil prices climbed on Monday as traders weighed concerns that Russian supply could be disrupted by more U.S. sanctions and Ukrainian attacks targeting energy infrastructure in Russia. Brent crude futures were up 40 cents, or 0.6%, to $68.13 by 1315 GMT, and West Texas Intermediate (WTI) crude futures gained 46 cents, or 0.7%, to $64.12. “The market is somewhat
(BOE Report) – Oil prices retreated on Tuesday after rising almost 2% in the previous session as investors assessed new developments on U.S. tariffs and a higher-than-expected OPEC+ output hike for August. Brent crude futures dipped 22 cents, or 0.3%, at $69.36 a barrel by 0330 GMT. U.S. West Texas Intermediate crude fell 27 cents, or 0.4%, at $67.66 a
(Investing) – U.S. natural gas prices fell Friday, as traders digest a weaker-than-expected storage report as warmer spring conditions approach. At 10:25 ET (15:25 GMT), natural gas prices fell 1.6% to $4.232 per million British thermal units, or MMBtu, after earlier this week climbing to its highest levels since December 2022. This bearish tone stemmed from Thursday’s EIA storage report, which showed a
Yahoo Finance (Bloomberg) — Oil advanced from a four-month low as traders tried to establish a price floor after several days of declines. West Texas Intermediate rose after five straight days of losses, hovering near $74 per barrel. The market had entered oversold territory as a result of OPEC+’s plan to boost supply in October. Prices edged lower earlier in
Oil Price Crude oil prices are on the slide again this week, with Brent set to end the week with a loss of some 3%, according to Reuters, and West Texas Intermediate on its way to shed about 4% unless a last-moment reversal happens by the end of the day. Oil benchmarks have been trading at the lowest levels in about three months, according to Bloomberg,
Yahoo Finance NEW YORK – Oil prices rose about a dollar a barrel on Monday on concerns that tensions in the Middle East and Russia’s ongoing invasion of Ukraine could curb global supplies. Brent crude futures settled higher by 66 cents, or 0.9%, at $77.99 a barrel and U.S. West Texas Intermediate crude futures settled at $72.78 a barrel, up
Investing NEW YORK – Oil prices fell more than a dollar a barrel on Monday as China’s ailing property sector sparked demand worries, causing traders to reassess the supply risk premium from escalating tensions in the Middle East. Brent crude futures fell $1.22, or 1.5%, to $82.33 a barrel by 12:56 pm ET (1756 GMT), while U.S. West Texas Intermediate crude
Oil Price Traders are selling West Texas Intermediate futures in anticipation of further strong production growth. As a result, prices are weakening further despite the uncertainty of such an outlook. In fact, expectations from the industry and the EIA are for much slower U.S. oil production growth this year. But that has had no effect on trader behavior. The latter
Oil Price While oil prices have been struggling to move above $80 per barrel for weeks, some traders have bet on oil hitting as high as $110 a barrel in the early spring. It looks like some speculators are betting on a major escalation of the conflict in the Middle East in the coming months, considering the fact that fundamentals
World Oil (Bloomberg) – Exxon Mobil Corp. introduced a new compensation policy that would pay some traders cash bonuses, a significant change within the U.S. energy giant as it looks to expand its trading operations. Under the new structure shared internally last week, traders will be divided into two categories: system traders who buy and sell physical commodities in support
