Natural Gas Prices Could Plunge Below $2
So far this year, natural gas has performed the worst among major commodities, posting painful losses in January and February. It has rebounded somewhat in the last few weeks, but Continue Reading
Oil hovers near three-month lows as investors await data
Crude oil prices hovered near three-month lows on Tuesday in early Asian trading as investors await key reports and data that may shed light on a supply overhang in the Continue Reading
Oil prices drop as hedge funds head for the exit
Hedge funds and other money managers had barely started liquidating their record bullish position in crude oil futures and options before prices tumbled on March 8. The critical question is Continue Reading
Oil Executives Are Confident That the Future Is Bright
Oil prices are down nearly 10 percent over the past month, leading some to wonder if we’re set for a resumption of the plunge seen between 2014 and early 2016. Continue Reading
Oil Bulls Exit Before Market Dive on Swollen U.S. Stockpiles
Oil’s fall from grace last week started with hedge funds, and it may only get worse from here. Investors cut bullish wagers on West Texas Intermediate crude to a one Continue Reading
New oil price slump beckons, says Harvard’s Maugeri
Leonardo Maugeri of Harvard University, who in 2012 predicted a glut in oil supplies and a steep fall in prices, has warned that there is again a prospect that the Continue Reading
Will Trump Send Oil Prices Crashing?
Oil markets are looking particularly bearish this week, with WTI once again below $50, the OPEC cuts in jeopardy over Iran and Iraq ramping up production, the second U.S. shale Continue Reading
NYMEX April gas rises 3.5 cents to $3.043/MMBtu
The NYMEX April natural gas futures contract continued to increase Monday, fueled by strong demand as weather forecasts indicate winter is not over just yet. This on the heels of Continue Reading
Oil Steadies Below $49 as U.S. Drilling Threatens Longer Glut
Oil steadied below $49 a barrel as U.S. drillers continued to boost activity, countering OPEC’s efforts to drain a global glut. Futures were little changed in New York after falling Continue Reading
Oil prices hit three-month low as U.S. rig count climbs
Oil prices dropped to their lowest in three months on Monday despite OPEC efforts to curb crude output, dragged down as U.S. drillers kept adding rigs. Brent crude LCOc1 had Continue Reading