Crude Oil Brent Jul '22 (CBN22)
Crude Oil Brent Futures Market News and Commentary
Sep WTI crude oil (CLU22) on Friday closed up +0.27 (+0.30%), and Sep RBOB gasoline (RBU22) closed down -0.86 (-0.28%).
Crude and gasoline prices Friday settled mixed. Crude rose on carry-over support from Wednesday's weekly EIA report that showed U.S. crude and gasoline inventories fell more than expected, and U.S. gasoline demand rose to its highest level this year. Gains in crude were limited, and gasoline prices moved lower on Friday's rally in the dollar index (DXY00) to a 5-week high. Also, a slump in stocks Friday reduced optimism about the economic outlook and energy demand.
U.S. gasoline demand concerns have temporarily receded after the EIA reported Wednesday that the four-week average of U.S. gasoline supplies, a proxy for consumption, rose to nearly 9.1 million bpd last week, the highest level this year.
Strong foreign demand for U.S. crude supplies is supportive for prices after U.S. crude exports in the week ended Aug 12 rose to a record of +5.0... Read more
- Crude Posts Modest Gains on Signs of Improving U.S. Energy Demand
Sep WTI crude oil (CLU22 ) on Friday closed up +0.27 (+0.30%), and Sep RBOB gasoline (RBU22 ) closed down -0.86 (-0.28%). Crude and gasoline prices Friday...
- Nat-Gas Prices Climb on Forecasts for Hot U.S. Temps to Return
Sep Nymex natural gas (NGU22 ) on Friday closed up +0.148 (+1.61%). Sep nat-gas Friday shook off early losses and posted moderate gains. Forecasts for...
- Crude Moderately Higher on U.S. Energy Demand Optimism
Sep WTI crude oil (CLU22 ) this morning is up +0.43 (+0.48%), and Sep RBOB gasoline (RBU22 ) is down -1.20 (-0.40%). Sep Nymex natural gas (NGU22 ) is...
- Don't Blame OPEC
Oil prices are pulling back after just coming one tick from breaking out to the upside on recession fears and Fed talk that is causing the dollar to rally...
- Markets Say Yes to the Upside...slightly
Yesterday the markets veered slightly Higher. What will we see today?
- Get the Dollar Right, You'll Get a Lot Right
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