U.S. Natural Gas Futures Gain in Early Trading
U.S. natural gas futures rose as trading began, continuing a recent pattern of alternating daily gains and losses. The report says domestic demand is returning to seasonal norms.
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U.S. natural gas futures rose as trading began, continuing a recent pattern of alternating daily gains and losses. The report says domestic demand is returning to seasonal norms.
U.S. natural gas futures are sharply lower despite a Northeast cold snap and rising LNG feedgas flows. The report says Asian traders trimmed long positions overnight, while volumes remained somewhat limited.
SINGAPORE, Oct 13 (Reuters) — Asia's diesel prompt timespreads softened, against a backdrop of softening ICE gasoil futures, though spot window activity remained tepid. Easing tight supply concerns remained the market's key focus, while regional refiners continue to engage in spot sale activities for both October and N
U.S. natural gas futures settled lower after the EIA said storage rose by 85 billion cubic feet in the week ended Oct. 2. The build topped the 79 bcf expected in a WSJ survey and weighed on prices.
U.S. natural gas futures turned lower after the EIA reported a weekly inventory increase above expectations. The build left stocks at 3,500 Bcf, 68 Bcf above the 2021-2025 average.
Oil futures rose sharply as concerns intensified over renewed strikes on Iran, attacks on shipping in the Gulf and production shut-ins ahead of Tropical Storm Isaias. WTI was up 4.7% at $92.46 a barrel and Brent gained 4.5% to $104.76.
U.S. benchmark crude edged lower after the EIA reported a 3.2 million-barrel withdrawal in commercial crude oil stocks last week. Gasoline inventories rose 382,000 barrels and distillate stocks fell 42,000 barrels.
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U.S. natural gas futures are holding their ground after making another test of the $3 level ahead of Monday's October contract expiration. Hot September weather and below-average inventory injections have supported prices, although cooling demand is seen tapering off sharply into the fall. "Tempera…
U.S. natural gas futures are slightly lower as traders return from the Labor Day holiday and shift focus to a gradual loss of cooling demand. Eli Rubin of EBW Analytics says the summer will transition rapidly into fall.
Summary - The overall reaction to a weaker than expect June jobs report was relatively muted. Yields ticked lower led by the short end after total payrolls missed estimates convincingly with the prior two months jobs growth revised net negative. The Household survey was even worse than the Establishment Survey, with a