Oil Prices Near Three-Month High

oil pump
From Ysvetana Paraskova:

Oil prices rose early on Monday, extending last week's gains amid rekindled hopes that the U.S. and China could reach a trade deal and growing signs of a tightening market, driven by OPEC's production cuts and U.S. sanctions on Iran and Venezuela.

NYSE:USO February 18, 2019 1:16pm

Oil prices are approaching breakout levels

oil pump
From Tom DiChristopher:
NYSE:USO February 15, 2019 12:15pm

Weekly Natural Gas EIA report shows a weekly decline of 78 billion cubic feet

natural gas
From Myra P. Saefong: The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas fell by 78 billion cubic feet for the week ended Feb. 8. That matched the average forecast of analysts polled by S&P Global Platts, but was well below the five-year average decline of 160 billion. Total stocks now stand at 1.882 trillion cubic feet, down 30 billion cubic feet from a year ago and 333 billion below the five-year average, the government said. March natural gasNGH19, -0.04% traded at $2.584 per million British thermal units, up less than a penny, or 0.3%, from Wednesday's settlement.
NYSE:UNG February 14, 2019 2:44pm

Will Gold ETFs Continue to Surge in 2019?

gold bars
From Neena Mishra:  We discuss the outlook for gold and ultra-cheap, physically backed gold and platinum ETFs offered by GraniteShares.
NYSE:GLD February 13, 2019 1:25pm

Oil prices move higher on reports of supply cuts

oil pump
From Tomi Kilgore: Shares of oil and gas companies were broadly higher Wednesday, as reports of supply cuts and optimism on U.S.-China trade talks helped fuel a rally in crude oil prices. The energy sector was the best performing of the S&P 500's 11 key sectors, with the SPDR Energy Select Sector ETF XLE, +0.95% climbing 2.0% with all 30 equity components gaining ground. The biggest gainer was Newfield Exploration Co.'s stock NFX, +7.69% which ran up 4.5%. Among other more-active components, shares of Marathon Oil Corp. MRO, +0.42% advanced 2.5%, Kinder Morgan Inc. KMI, +1.27% rose 1.5%, Exxon Mobil Corp. XOM, +0.55%tacked on 1.2%, Schlumberger NV SLB, +1.26% climbed 2.3%, and Chevron Corp.CVX, +0.31% gained 1.3%. Meanwhile, crude oil futures CLH9, +2.07% ran up 2.0%. The energy ETF has hiked up 13.9% year to date, while the S&P 500SPX, +0.27% has rallied 10.1%.
NYSE:USO

Oil prices trade nearly 3% higher on Saudi and OPEC cuts

oil pump
From Noah Browning:

LONDON (Reuters) - Oil prices gained nearly 3 percent on Tuesday, supported by OPEC-led production cuts, which Saudi Arabia said it would surpass by more than half a million barrels per day (bpd), and by U.S. sanctions against Iran and Venezuela.

NYSE:USO February 12, 2019 11:37am

Oil prices fall, due to energy demand concerns, rising U.S. oil production and a stronger US dollar

oil pump
From Myra P. Saefong & Barbara Kollmeyer: Crude-oil futures declined Monday, with energy demand concerns, signs of rising U.S. oil production and a stronger dollar pressuring prices, which suffered a drop last week.
NYSE:USO February 11, 2019 1:11pm

Oil on pace for a 5% weekly drop, due to a weakening global economy and a slowdown in energy demand

oil pump
From Myra P. Saefong: Oil futures remained stuck in a tight trading range Friday, with U.S. the benchmark on track for a weekly loss of nearly 5%, as signs of a weakening global economy threaten a slowdown in energy demand.
NYSE:USO February 8, 2019 1:39pm

Natural gas futures see multi-month lows, despite the polar vortex

natural gas etf
From Jude Clemente:

It was indeed remarkable that the U.S. natural gas market saw the lowest prices since July last week despite Polar Vortex 2019. In particular, given that gas demand peaks in the Winter when heating and power generation needs collide, the U.S. hit an all-time record of 150 Bcf/d of consumption.

NYSE:UNG

Natural gas prices drop by more than 3%, after weekly EIA report

natural gas
From Myra P. Saefong: The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas fell by 237 billion cubic feet for the week ended Feb. 1. Analysts polled by S&P Global Platts had forecast a decline of 249 billion cubic feet, though the average over the last five years for the same week was a fall of 150 billion. Total stocks now stand at 1.960 trillion cubic feet, down 135 billion cubic feet from a year ago and 415 billion below the five-year average, the government said. March natural gas NGH19, -3.76% traded at $2.596 per million British thermal units, down 6.6 cents, or 2.5%, from Wednesday's settlement. It was trading at $2.615 before the supply data.
NYSE:UNG February 7, 2019 2:29pm

Oil prices decline on risks to energy demand, strong USD and possible boost Libya output

oil pump
From Myra P. Saefong & Rachel Koning Beals: Oil futures declined on Thursday, pressured by risks to energy demand, a stronger dollar and reports that Libya could soon increase production.
NYSE:USO

Natural Gas: 5 Important Factors To Watch

From Tyler Durden: Significant LNG production growth, the rise of US gas to challenge Russian dominance in Europe, insatiable demand in Asia, price pressure in selected regions, and a need for final investment decisions on planned liquefaction plants are the key market-movers identified in the report.
NYSE:UNG February 6, 2019 4:19pm

Oil prices move higher as weekly report show smaller-than-expected increases

natural gas pipe
From Myra P. Saefong: Oil futures turned higher on Wednesday after weekly U.S. government data revealed smaller-than-expected increases in domestic crude and gasoline supplies, but concerns surrounding a potential slowdown in global energy demand continued to limited any price gains.
NYSE:USO

5 vital themes that will shape global Natural Gas markets in 2019

stock ticker board
From Rystad Energy: A new report from Rystad Energy identifies five vital themes that will shape global gas markets in 2019.
NYSE:USO February 5, 2019 1:09pm

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