|Day's Range||2.701 - 2.710|
Natural gas prices remained above support but were down on the session because of a mixed weather forecast, which means that heating demand will likely be in a normal range for this time of year. The latest inventory report showed a larger than expected draw, and expectations are that inventories will continue to remain below the 5-year average range.
Investing.com - Crude oil prices remained lower on Tuesday, but losses were expected to remain limited as overal optimism over the rebalancing of the market continued to lend strong support to the commodity.
Investing.com - Natural gas futures sank on Tuesday, pulling back sharply from two-month highs as updated weather forecasts showed a return to seasonal temperatures after an extreme cold spell in the eastern U.S.
New Jersey Resources' (NJR) Adelphia Gateway unit gears up to meet rising demand for natural gas, as it seeks permit for the operation of 84 mile gas pipeline in Pennsylvania.
Gas utility GAIL (India) Ltd has renegotiated the terms of a long-term liquefied natural gas (LNG) purchase deal with Russia's Gazprom, the Indian company said on Tuesday. This is the third such negotiation by India to make the imported fuel more affordable for its price-sensitive customers. India has been making the most of its position as one of the world's biggest energy consumers to strike better bargains for its companies.
ExxonMobil (XOM) adds resources to its existing onshore Papua New Guinea find by confirming the presence of hydrocarbons in P'nyang South-2 well.
Gas utility GAIL (India) Ltd has renegotiated the terms of a long-term liquefied natural gas (LNG) purchase deal with Russia's Gazprom, the Indian company said on Tuesday, in third such negotiation by India to make the imported fuel affordable to its price-sensitive customers. India has been leveraging its position as one of the biggest energy consumers to strike better bargains for its companies. India has in the past renegotiated LNG deals with Qatar's RasGas and Exxon Mobil Corp, as spot prices declined substantially amid a supply glut.
From Irina Slav: The oil glut is over, at least when it comes to U.S. commercial inventories: over the past two months they have been within the average range for the season, thanks to hefty draws. These draws, one analyst… Read more ›
USDJPY broke an important support on the 110.8 and now is testing that it as closest resistance. As long, as we stay below the orange area, the sentiment is negative. The movement which was largely anticipated as the price broke the mid-term up trendline and later, successfully tested that as the closest resistance.
Investing.com - Crude oil prices were mixed on Tuesday with the market awaiting the US open after a long holiday weekend and digesting a view from Morgan Stanley (NYSE:MS) of $75 a barrel crude oil by the third quarter of 2018 as well as supply data from the US later this week.
The widespread, record-breaking cold weather led to a record-high net withdrawal of 359 Bcf from underground natural gas storage facilities for the week ending Jan 5.
Natural gas prices broke out last week, closing Friday above trend line resistance, but opening in the electronic pre-market below former resistance. Prices continue to be buoyed by a larger than expected draw in natural gas inventories reported last week by the Department of Energy. Inventory levels are now at a 5-year low, and could continue to move lower if the weather gets colder. The forecast for the next 8-14 days is mixed with colder weather covering most of the west, and warmer than normal weather covering most of the east coast.
Investing.com - Natural gas futures edged lower to start the week on Monday, pulling back from a two-month high as market players monitored winter weather forecasts to gauge demand for the fuel.
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European stock markets are struggling with dollar weakness. European stock markets are mostly lower, as markets struggle with the currency the rise in pound and euro against the dollar. The US is on holiday, leaving markets a bit quieter today, and while Asian markets still moved mostly higher, the Hang Seng fell back again in the end and closed -0.23% as investors turn cautious with indices at very high levels amid warnings that markets are increasingly overbought.
The Euro has bounced to new highs against the U.S Dollar on the combination of better economic prospects in the European Union and lackluster inflation data from the States.
Oil prices start the week slightly lower, pressured by a rising U.S. rig count, as the greenback sinks to a 3-year low and as managed money net long positions last week hit a record high.