Why is the oil market so volatile?

Market Volatility
From Myra P. Saefong: Oil trading has been particularly volatile lately, as concerns mount about threats to both global supplies and demand.
NYSE:USO May 17, 2019 3:35pm

Natural Gas prices move higher after the weekly EIA report released

energy sector
From Myra P. Saefong: The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas rose by 106 billion cubic feet for the week ended May 10. The average forecast of analysts polled by S&P Global Platts had called for an increase of 101 billion cubic feet. Total stocks now stand at 1.653 trillion cubic feet, up 130 billion cubic feet from a year ago, but 286 billion below the five-year average, the government said. June natural gas NGM19, +1.46% traded at $2.630 per million British thermal units, up 2.9 cents, or 1.1%, from Wednesday's settlement. It was trading at $2.612 before the data.
NYSE:UNG May 16, 2019 6:18pm

Is Copper a buy after it’s recent decline?

From Myra P. Saefong : Copper's recent decline looks to be a temporary setback, as the industrial metal readies for a potentially significant supply shortage in the coming years.
NYSE:CPER May 10, 2019 3:12pm

Oil prices slide despite bullish OPEC report

From Myra P. Saefong: Crude-oil production by the Organization of the Petroleum Exporting Countries edged up by 30,000 barrels a day to 30.26 million barrels a day in April, according to an S&P Global Platts survey issued Thursday. Individual output levels varied month on month among the 14 OPEC members, the survey showed, with "Iran's sanctions-induced slump and Angola's drop offset by significant rises in Nigeria and Iraq and recoveries in crisis-torn Libya and Venezuela." Saudi Arabia held its April production at 9.82 million barrels a day, the lowest in over four years and "well below its quota under an OPEC/non-OPEC accord, the survey said. June crude CLM9, -0.58% was down 88 cents, or 1.4%, at $61.24 a barrel on the New York Mercantile Exchange. July Brent LCON9, +0.09% traded at $69.61, down 76 cents, or 1.1%
NYSE:USO May 9, 2019 2:55pm

Natural gas prices fall after weekly EIA report shows increased supplies

From Myra P. Saefong : The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas rose by 85 billion cubic feet for the week ended May 3. That matched the average forecast of analysts polled by S&P Global Platts. Total stocks now stand at 1.547 trillion cubic feet, up 128 billion cubic feet from a year ago, but 303 billion below the five-year average, the government said. June natural gas NGM19, -1.11% traded at $2.589 per million British thermal units, down 2.1 cents, or 0.8%, from Wednesday's settlement. It was trading at $2.585 before the data.
NYSE:UNG

Oil edges trades higher after weekly EIA report lifts forecast

From Myra P. Saefong : Crude-oil prices fell Tuesday, but settled off the session's worst levels as increasing tensions between the U.S. and Iran and the threat of disruptions to supplies in the Middle East helped to offset worries that a protracted trade conflict between the U.S. and China will hurt energy demand.
NYSE:USO May 8, 2019 1:23pm

Natural gas prices fall after weekly EIA report shows higher supplies

From Myra P. Saefong: The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas rose by 123 billion cubic feet for the week ended April 26. Analysts polled by S&P Global Platts had expected an increase of 118 billion cubic feet for the latest week. Total stocks now stand at 1.462 trillion cubic feet, up 128 billion cubic feet from a year ago, but 316 billion below the five-year average, the government said. June natural gas NGM19, -1.72% traded at $2.589 per million British thermal units, down 3.1 cents, or 1.2%, from Wednesday's settlement.
NYSE:UNG May 2, 2019 12:55pm

Weekly EIA natural gas report shows supplies up 92 billion cubic feet

natural gas pipe
From Myra P. Saefong: The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas rose by 92 billion cubic feet for the week ended April 19. Analysts polled by S&P Global Platts had expected an increase of 90 billion cubic feet for the latest week. Total stocks now stand at 1.339 trillion cubic feet, up 55 billion cubic feet from a year ago, but 369 billion below the five-year average, the government said. May natural gas NGK19, +1.67% traded at $2.468 per million British thermal units, up less than a cent, or 0.2%, from Wednesday's settlement.
NYSE:UNG April 25, 2019 1:34pm

What would happen to the economy is oil reaches $100 a barrel?

natural gas pipe
From Myra P. Saefong: Oil could rally further, potentially pushing the global crude benchmark to $100 a barrel and prompting a global 'surge' in inflation and braking economic growth, according to economists at Oxford Economics.
NYSE:USO April 24, 2019 8:00pm

Gold prices edge higher on US stock market pause

gold bars
From Myra P. Saefong: Gold prices inched higher on Wednesday as a rally in stocks that took two of the three main U.S. equity indexes to records cooled, providing support for the haven metal.
NYSE:GLD

Why are hog futures skyrocketing?

increase demand green
From Myra P. Saefong: Lean hog futures rallied Thursday, with a jump in U.S. pork exports to China contributing to a more than 60% year-to-date climb in prices, which are near their highest levels since 2014.
NYSE:COW April 11, 2019 6:18pm

Natural gas moves lower after weekly EIA report

From Myra P. Saefong: The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas rose by 25 billion cubic feet for the week ended April 5. The data, however, also included a downward adjustment to the previous week's total to account for a reclassification of some gas stocks. Analysts polled by S&P Global Platts had expected an increase of 33 billion cubic feet for the latest week. Total stocks now stand at 1.155 trillion cubic feet, down 183 billion cubic feet from a year ago and 485 billion below the five-year average, the government said. May natural gas NGK19, -1.63% traded at $2.697 per million British thermal units, down less than a half cent, or 0.1%, from Wednesday's settlement.
NYSE:UNG

The weekly natural gas report shows a drop of 36 billion cubic feet

natural gas pipe
From Myra P. Saefong: The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas fell by 36 billion cubic feet for the week ended March 22. Analysts polled by S&P Global Platts had expected a decline of 33 billion cubic feet. Total stocks now stand at 1.107 trillion cubic feet, down 285 billion cubic feet from a year ago and 551 billion below the five-year average, the government said. May natural gas NGK19, +0.33% traded at $2.719 per million British thermal units, unchanged from Wednesday's settlement.
NYSE:UNG March 28, 2019 11:53am

Palladium sees its largest one-day drop in 19 years

palladium bars
From Myra P. Saefong: Palladium futures suffered Wednesday from their sharpest one-day dollar decline in more than 19 years, losing nearly $100 an ounce for the session to mark a significant retreat from a recent string of record settlements tied to an expected surge in auto-industry demand.
NYSE:PALL March 27, 2019 3:54pm

Oil prices close lower today but climb higher for a third straight week

oil pump
From Myra P. Saefong: Oil futures fell on Friday, with losses fed by worries over a slowdown in global energy demand, but prices climbed for a third straight week on expectations for tighter crude supplies. May West Texas Intermediate oil CLK9, -1.68% fell 94 cents, or 1.6%, to finish at $59.04 a barrel on the New York Mercantile Exchange. The contract still rose about 0.4% for the week, according to FactSet data.
NYSE:USO March 23, 2019 12:07pm

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