INSANE: 30 | Vintage Vibes

Is Crude Oil Steaming Toward Triple Digits?

Crude oil futures have been in a bullish trend since early May 2023. In 2022, Nearby NYMEX and Brent futures prices rose to a fourteen-year high at over $130 per barrel. After halving in value at the May 2023 low, crude oil is back on a bullish path, and a…

Barchart · Sep 8, 2023

Nat-Gas Prices Gain on a Smaller Build in Weekly EIA Inventories

October Nymex natural gas (NGV23 ) on Thursday closed +0.069 (+2.75%). Nat-gas prices on Thursday rebounded from a 2-week low and rallied moderately on a smaller build in weekly supplies after EIA nat-gas inventories rose +33 bcf, below expectations of +41 bcf. Nat-gas prices Thursday initially fell to a 2-week...

Barchart · Sep 7, 2023

Nat-Gas Prices Weighed Down by Cooler U.S. Weather Forecasts

October Nymex natural gas (NGV23 ) on Wednesday closed -0.072 (-2.79%). Nat-gas prices on Wednesday extended Tuesday's sharp decline to a 2-week low. Nat-gas prices were undercut by forecasts for cooler-than-normal U.S. temperatures that would reduce nat-gas demand from electricity providers to run air conditioning. The Commodity Weather Group said...

Barchart · Sep 6, 2023

Nat-Gas Prices Surge on Forecasts for a Return of Scorching U.S. Temps

October Nymex natural gas (NGV23 ) on Wednesday closed +0.134 (+5.03%). Nat-gas prices Wednesday rallied sharply on forecasts for excessive heat to return to the central and eastern U.S. by the end of the week, which will boost nat-gas demand from electricity providers to power air conditioning. Forecaster Maxar Technologies...

Barchart · Aug 30, 2023

Nat-Gas Prices Fall Back on a Mixed U.S. Weather Forecast

September Nymex natural gas (NGU23 ) on Tuesday closed -0.023 (-0.89%). Nat-gas prices Tuesday posted moderate losses on a mixed weather forecast, which will curb nat-gas demand from electricity providers to power air conditioning. Forecaster Maxar Technologies said cooler temperatures are expected in the western U.S. next week, and above-normal...

Barchart · Aug 29, 2023

Nat-Gas Rallies on the Outlook for Hot U.S. Temps to Lift Demand

September Nymex natural gas (NGU23 ) on Monday closed +0.039 (+1.54%). Nat-gas prices Monday rallied to a 1-1/2 week high and closed moderately higher as forecasts for hot U.S. temperatures will boost nat-gas demand from electricity providers to power air conditioning. Forecaster Maxar Technologies said above-average temperatures are expected in...

Barchart · Aug 28, 2023

Nat-Gas Rallies as the Outlook for Hot U.S. Temps to Lift Demand

September Nymex natural gas (NGU23 ) on Monday closed +0.039 (+1.54%). Nat-gas prices Monday rallied to a 1-1/2 week high and closed moderately higher as forecasts for hot U.S. temperatures will boost nat-gas demand from electricity providers to power air conditioning. Forecaster Maxar Technologies said above-average temperatures are expected in...

Barchart · Aug 28, 2023

Are Coal Prices Setting Up for an End of the Year Rebound?

After reaching highs in 2022, coal prices have come back down to earth. Climate change has caused the U.S. and Europe to inhibit the production and consumption of all fossil fuels. Still, coal has long been the least favorite hydrocarbon and a four-letter word in the traditional energy market.

Barchart · Aug 28, 2023

Nat-Gas Prices Recover Early Losses as Active U.S. Gas Rigs Fall

September Nymex natural gas (NGU23 ) on Friday closed +0.021 (+0.83%). Nat-gas prices Friday recovered from early losses and posted moderate gains. Nat-gas moved higher Friday afternoon after the weekly report from Baker Hughes that active U.S. nat-gas rigs fell to a 1-1/2 year low, which signals a decline in...

Barchart · Aug 25, 2023

Nat-Gas Prices Gain on Smaller-Than-Expected Weekly EIA Inventories

September Nymex natural gas (NGU23 ) on Thursday closed +0.022 (+0.88%). Nat-gas prices Thursday posted moderate gains after weekly EIA nat-gas inventories rose +18 bcf, less than expectations of +31 bcf. Gains in nat-gas prices were limited on the outlook for cooler temperatures to move into the lower 48 U.S....

Barchart · Aug 24, 2023