BIZARRE: 11 - You Need To See This

Crude Oil Prices Retreat as Middle East Tensions Ease

June WTI crude oil (CLM26 ) on Tuesday closed down -4.15 (-3.90%), and June RBOB gasoline (RBM26 ) closed down -0.1176 (-3.15%). Crude oil and gasoline prices settled sharply lower on Tuesday as the ceasefire in the Middle East appears to be holding, easing geopolitical risks. Crude prices retreated as...

Barchart · May 5

Abundant US Nat-Gas Supplies Pressures Prices

June Nymex natural gas (NGM26 ) on Tuesday closed down -0.079 (-2.76%). Nat-gas prices retreated on Tuesday as flows to US liquefied natural gas (LNG) export terminals fell to the lowest level in more than three months, leaving more supplies in the domestic market. According to BNEF data, LNG flows...

Barchart · May 5

Cold US Temps and Strength in Crude Oil Lifts Nat-Gas Prices

June Nymex natural gas (NGM26 ) on Monday closed up +0.087 (+3.13%). Nat-gas prices rallied to a 4-week nearest-futures high on Monday and settled sharply higher. Nat-gas prices have support on the outlook for below-normal US temperatures in the near term, which could potentially boost nat-gas heating demand. Below-average temperatures...

Barchart · May 4

Crude Prices Surge With No End in Sight to US-Iran War

June WTI crude oil (CLM26 ) on Wednesday closed up +6.95 (+6.95%), and June RBOB gasoline (RBM26 ) closed up +0.1650 (+4.81%). Crude oil and gasoline prices extended this week's sharp rally on Wednesday, with crude oil posting a 3-week high and gasoline posting a 3.75-year high. Crude prices continue...

Barchart · Apr 29

Expectations of Abundant US Storage Undercut Nat-Gas Prices

June Nymex natural gas (NGM26 ) on Wednesday closed down -0.044 (-1.64%). Nat-gas prices settled lower on Wednesday on concerns that US domestic nat-gas storage levels will continue to climb. The consensus is that Thursday's weekly EIA nat-gas inventories will increase by +83 bcf, well above the five-year average for...

Barchart · Apr 29

Corn Holding Firm on Wednesday

Corn futures are trading with contracts fractionally to 1 ¼ cents higher at midday on Wednesday. The CmdtyView national average Cash Corn price is up 1 cent at $4.33 1/4. EIA’s weekly report showed a larger than expected drop in ethanol production in the week that ended on April 24,...

Barchart · Apr 29

Crude Prices Soar on Prospects for Prolonged Closure of Hormuz

June WTI crude oil (CLM26 ) today is up +5.18 (+5.18%), and June RBOB gasoline (RBM26 ) is up +0.1502 (+4.38%). Crude oil and gasoline prices extended this week's sharp rally today, with crude oil posting a 2-week high and gasoline posting a 3.75-year high. Crude prices continue to climb...

Barchart · Apr 29

Tighter Global Oil Supplies Underpin Crude Prices

June WTI crude oil (CLM26 ) on Tuesday closed up +3.56 (+3.69%), and June RBOB gasoline (RBM26 ) closed up +0.0623 (+1.85%). Crude oil and gasoline prices rallied sharply for a second day on Tuesday, with crude oil posting a 2-week high, and gasoline posting a 3.75-year high. Crude prices...

Barchart · Apr 28

Below-Normal US Spring Temps Boost Nat-Gas Prices

May Nymex natural gas (NGK26 ) on Tuesday closed up +0.009 (+0.35%). Nat-gas prices finished higher on Tuesday as the outlook for below-normal US spring temperatures could potentially boost nat-gas heating demand. The Commodity Weather Group said Tuesday that below-average temperatures are expected across most of the US through May...

Barchart · Apr 28

Colder US Weather Forecasts Lift Nat-Gas Prices

May Nymex natural gas (NGK26 ) on Monday closed up +0.027 (+1.07%). Nat-gas prices settled higher on Monday as short covering emerged amid colder US weather forecasts, potentially boosting nat-gas heating demand. The Commodity Weather Group on Monday said forecasts shifted colder, with below-average temperatures expected across the Northeastern US...

Barchart · Apr 27