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By Kris Hicks |
May 16, 2013
June Natural Gas moved to the upside for its third straight day of gains on Wednesday in its most narrow day of trading in almost a month as the short-covering rally rolled along.
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By Phil Flynn |
May 16, 2013
Oil prices are falling despite a late day surprising dead cat bounce as oil inventories and weak industrial data weigh on the market outlook.
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By Alexander Kwiatkowski and Winnie Zhu, Bloomberg |
May 15, 2013
Two weeks after Royal Dutch Shell Plc and Platts changed the way more than half of the world’s crude is valued, the companies along with BP Plc and Statoil ASA are being probed by European antitrust regulators about potential manipulation of oil prices.
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By Kris Hicks |
May 15, 2013
June Natural Gas moved higher throughout much of Tuesday’s trading session following a burst of cold air in the upper Midwest and northeast portions of the country to settle above $4 in over a week.
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By Dominick Chirichella |
May 15, 2013
The growing market concern over the weakening oil fundamental picture is continuing to pressure oil prices with the complex declining for the fourth trading session in a row.
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By Phil Flynn |
May 15, 2013
Oil is sinking on demand concerns as Europe looks like it is getting more deeply mired in recession. While Germany had some growth, France is going back into recession.
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By Jonas Bergman, Bloomberg |
May 14, 2013
Royal Dutch Shell Plc and Statoil ASA said they were targeted by European antitrust officials in an investigation into plotting to manipulate published prices.
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By Kris Hicks |
May 14, 2013
Monday’s unstable price action indicates that natural gas should follow through on last week’s 82% close probability of taking out last week’s low, which could trigger further selling and drop the market to as low as $3.75 by the end of trading.
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By Phil Flynn |
May 14, 2013
Following several years of stronger-than-expected North American supply growth, the shockwaves of rising U.S. shale gas and light tight oil and Canadian oil sands production are reaching virtually all recesses of the global oil market.
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By Jamie Macrae |
May 13, 2013
Since the beginning of February, the discount of WTI to global prices has fallen quickly, primarily because of changes in pipeline infrastructure that has brought cheaper mid-continent crude oil to the U.S. Gulf coast.
