|Day's Range||0.00 - 0.00|
Energy biggies Occidental Petroleum (OXY), The Williams Companies (WMB) and Marathon Oil (MRO) came up with strong earnings reports.
Stop me if you’ve heard this one before: A mining industry is trapped in a state of slow economic decline and looks to the Trump administration to reverse its fortunes. That could be the lead-in to a story about coal — an industry the administration has made a point of promoting. But it’s also similar […]
Investing.com - Natural gas futures continued higher for the second day in a row on Wednesday, nearing their best level in almost two weeks, amid forecasts for a bump in late-winter heating demand.
With the 0.7430-40 area again playing its role in restricting the NZDUSD’s upside, the pair seems coming down towards 0.7275 but the eleven-week long ascending trend-line, around 0.7250 now, might confine its declines then after. Should the quote refrains to respect the TL support, the 50-day SMA level of 0.7210 and the 0.7160, comprising 200-day SMA, could please the Bears. Meanwhile, the 0.7360 and the 0.7400 may try to limit the pair’s near-term advances before reigniting the importance of 0.7430-40 area. In case if Bulls manage to conquer the 0.7440 on a daily closing basis, the 0. ...
Investing.com - Crude oil prices moved sharply lower on Wednesday, weighed by the U.S. dollar's recent rebound and as traders grew more cautious ahead of this week's U.S. supply data.
I asked the chairman of the White House Council on Environmental Quality for the George W. Bush Administration whether Trump has done anything that will save the coal industry. "No," he said.
Natural gas prices whipsawed initially attempting to move higher, but unable to push through resistance levels. While demand was down in the latest weak which weighed on natural gas prices, colder than normal weather is moving east, which will drive up natural gas demand. Supply of natural gas is flat, and LNG exports eased in the latest week.Technicals
Dwindling Cushing inventories and a lower export volume from Canada have pushed up WTI prices, but the Brent benchmark fell as European refiners enter maintenance season
Investing.com - Crude oil prices were mixed on Tuesday, as reduced supplies from Canada boosted demand for U.S. oil futures, while the Brent contract remained lower although optimism over the rebalancing of the market persisted.
Sea levels will rise between 0.7 and 1.2 metres (27-47 inches) in the next two centuries even if governments end the fossil fuel era as promised under the Paris climate agreement, scientists said on Tuesday. Early action to cut greenhouse gas emissions would limit the long-term rise, driven by a thaw of ice from Greenland to Antarctica that will re-draw global coastlines, a German-led team wrote in the journal Nature Communications. Sea level rise is a threat to cities from Shanghai to London, to low-lying swathes of Florida or Bangladesh, and to entire nations such as the Maldives in the Indian Ocean or Kiribati in the Pacific.
Based on the early price action, the direction of the index today is likely to be determined by trader reaction to the 50% level at 2703.75.
Natural gas markets drifted a bit lower during the day on Monday, as we continue to see a lot of volatility in this commodity. I believe that we are trying to form some type of base here near the $2.65 level, and a bounce would make a lot of sense as we have been oversold.
Independent oil producers in Nigeria are ramping up production at a time that the Nigerian government has pledged to participate in the OPEC output cut deal