DARK SECRETS: 5 | Vintage Vibes

Oil rises as doubts over US-Iran deal heighten supply concerns

Oil prices increased Wednesday morning due to Middle East supply worries. Attacks on ships fueled concerns about disruptions in vital shipping lanes. Hopes for a US-Iran peace deal began to fade, impacting market sentiment. US crude inventories unexpectedly rose, which could ease supply tightness concerns. Disruptions to Middle East oil…

The Economic Times · Aug 12

Crude Prices Settle Higher as Middle East Supplies Tighten

September WTI crude oil (CLU26 ) closed up +1.07 (+1.30%) on Tuesday, and September RBOB gasoline (RBU26 ) closed up +0.0012 (+0.04%). Crude oil and gasoline prices settled higher on Tuesday, with crude oil climbing to a 1-week high and gasoline posting a 1.5-week high. Crude prices were volatile on...

Barchart · Aug 11

Nat-Gas Prices Slip on the Outlook for Robust US Storage

September Nymex natural gas (NGU26 ) closed down -0.027 (-0.97%) on Tuesday. Nat-gas prices fell from a 2-week high on Tuesday and settled lower. Gas prices gave up early gains and turned lower on Tuesday after the US Energy Information Administration (EIA) projected US nat-gas storage levels to swell to...

Barchart · Aug 11

Nat-Gas Prices Tumble on a Larger-Than-Expected Storage Build

September Nymex natural gas (NGU26 ) closed down -0.048 (-1.79%) on Thursday. Nat-gas prices tumbled to a 3.25-month nearest-futures low on Thursday and settled lower on a larger-than-expected storage build. The EIA reported that nat-gas inventories rose by +33 bcf in the week ended July 31, above expectations of +30...

Barchart · Aug 6

Progress Toward Reopening the Strait of Hormuz Weighs on Oil Prices

September WTI crude oil (CLU26 ) closed down -0.55 (-0.73%) on Wednesday, and September RBOB gasoline (RBU26 ) closed down -0.0134 (-0.47%). Crude oil and gasoline prices added to this week's sharp losses on Wednesday, with crude falling to a 3-week low and gasoline dropping to a 4.75-month nearest-futures low....

Barchart · Aug 5

Nat-Gas Prices Edge Higher on Warmer US Weather Forecasts

September Nymex natural gas (NGU26 ) closed up +0.006 (+0.22%) on Wednesday. Nat-gas prices settled slightly higher on Wednesday amid forecasts for warmer US weather, potentially boosting nat-gas demand from electricity providers to power an expected increase in air conditioning use. The Commodity Weather Group said on Wednesday that forecasts...

Barchart · Aug 5

US crude inventories rise as refinery runs ease and imports climb, EIA says

United States crude oil stocks increased by 2.5 million barrels last week. Refinery processing eased slightly, and crude imports saw a modest rise. Gasoline inventories fell by 1.6 million barrels, while distillates decreased significantly. Cushing, Oklahoma, oil inventories also rose above operational requirements. This data led to a decline in…

The Economic Times · Aug 5

Crude Prices Pressured by Growing Optimism the Strait of Hormuz to Soon Reopen

September WTI crude oil (CLU26 ) is down -0.61 (-0.81%) today, and September RBOB gasoline (RBU26 ) is up +0.0130 (+0.46%). Crude oil and gasoline prices added to this week's sharp losses today, with crude falling to a 3-week low and gasoline dropping to a 4.75-month nearest-futures low. Growing optimism...

Barchart · Aug 5

Optimism of Reopening Strait of Hormuz Knocks Crude Prices Lower

September WTI crude oil (CLU26 ) on Tuesday closed down -4.57 (-5.69%), and September RBOB gasoline (RBU26 ) closed down -0.1145 (-3.86%). Crude oil and gasoline prices sold off sharply on Tuesday for a second day, with crude falling to a 3-week low and gasoline dropping to a 4.75-month nearest-futures...

Barchart · Aug 4

Nat-Gas Prices Retreat on Bigger US Supplies and Cooler Temps

September Nymex natural gas (NGU26 ) closed down -0.099 (-3.56%) on Tuesday. Nat-gas prices retreated on Tuesday amid news of larger US supplies and forecasts for cooler US temperatures that could reduce electricity demand to run air conditioning. Nat-gas prices came under pressure on Tuesday after Energy Transfer announced that...

Barchart · Aug 4