Crude Oil WTI Sep '22 (CLU22)
Crude Oil WTI Futures Market News and Commentary
Sep WTI crude oil (CLU22) this morning is up +1.63 (+1.88%), and Sep RBOB gasoline (RBU22) is up +1.37 (+0.47%). Sep Nymex natural gas (NGU22) is down -0.036 (-0.39%).
Oil prices this morning are moderately higher after weekly EIA data showed U.S. crude inventories unexpectedly plunged as U.S. crude exports jumped to a record. Gains in crude were limited due to a stronger dollar and a slump in stocks, which dampens optimism in the economic outlook and energy demand.
Sep nat-gas prices fell back from a 3-week high today and are moderately lower. Prices fell back on signs of cooler U.S. temperatures after Maxar Technologies said cooler weather is forecast for the South and Central U.S. from Aug 21-25. Nat-gas prices have rallied this week on carry-over from a surge in European gas prices to a 5-1/4 month high. The surge in European gas prices will keep foreign demand for U.S. gas supplies firm and keep U.S. nat-gas exports running at full tilt, limiting a build of nat... Read more
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Sep WTI crude oil (CLU22 ) this morning is up +1.63 (+1.88%), and Sep RBOB gasoline (RBU22 ) is up +1.37 (+0.47%). Sep Nymex natural gas (NGU22 ) is down...
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