Front-month WTI futures hit $114 a barrel before pulling back dramatically after the Energy Information Administration (EIA) reported a less than spectacular gasoline demand number even though US refining...
Summary of key events on futures markets along with possible sell signal on Heating Oil Futures
Aug WTI crude oil (CLQ22 ) on Wednesday closed down -1.98 (-1.77%), and Aug RBOB gasoline (RBQ22 ) closed down -12.09 (-3.14%). On Wednesday, crude oil and gasoline prices erased an early rally and closed...
Aug Nymex natural gas (NGQ22 ) on Wednesday closed down -0.072 (-1.10%). Nat-gas prices Wednesday gave up an early advance and closed moderately lower on a mixed U.S. weather forecast, which should reduce...
Report on U.S. ethanol production, usage, and stocks for the weeks ending June 17 and June 24
Aug WTI crude oil (CLQ22 ) this morning is down -0.03 (-0.03%), and Aug RBOB gasoline (RBQ22 ) is down -11.23 (-2.92%). Aug Nymex natural gas (NGQ22 ) is down -0.054 (-0.82%). Crude oil and gasoline prices...
June was a wild month in the natural gas futures arena. Natural gas has a long history as a highly volatile energy commodity. With the US hurricane season underway and the 2022/2023 winter season on the...
Jim Roemer addresses summer weather volatility and its effect on certain markets
S&P 500 decisively turned around, and declined powerfully. The short entry was well placed, and open profits are likely to grow still before the bottom is reached. What we‘re likely to experience next,...
Empty policies, empty promises and empty suits have raised the risk of another major oil price spike. Global oil markets are on edge as global spare oil production concerns are taking front and center...
