Natural Gas Prices Crash 7% as Mild Weather, Record Output Weigh on Outlook
Natural gas futures tanked about 7% on Monday, wiping out last week’s meteoric ascent as investors took profits, production hit an all-time high, and mild…
Posts Tagged: IEA
Oil Prices Slump 1% on US Supply Build, Bearish IEA Forecast
Crude oil futures declined almost 1% in the middle of the trading week as a bearish forecast and an unexpected supply build weighed on prices….
Crude Oil Futures Shrug Off Bearish US Supply Data, IEA Glut Forecast
Crude oil prices shrugged off bearish developments on Thursday as energy commodities attempted to find fresh catalysts that could generate gains. Investors were ostensibly indifferent…
Crude Oil Tanks 5% After Reports Suggest Israel Will Not Attack Iran’s Energy Infrastructure
Crude oil futures tanked 5% on Tuesday after it was reported that Israel will not target Iran’s energy infrastructure. Oil prices had rocketed this month…
US Crude Oil Tops $80 on Tightness Concerns; Markets Ignore Soft Chinese Demand
Crude oil futures rocketed to kick off the trading week, with the US benchmark topping $80. Oil prices are rising even with Chinese crude demand…
Oil Prices Trim Gains After Sizable Surprise US Storage Build
Crude oil futures pared their gains in the middle of the trading week following a surprise build in US inventories. Oil prices have been on…
Oil Pares Losses After Bigger-Than-Expected US Supply Drawdown
Crude oil futures pared their losses after a bullish US government storage report that indicated solid consumption levels. Oil prices have come under pressure on…
Crude Oil Gains on Report Iran Was Aware of Hamas Attack on Israel, Capped by US Supply Build
Crude oil futures shrugged off the latest US supply data showing a massive injection. Following a massive 4% rally on Monday on the fear trade,…