|Day's range||57.02 - 57.31|
Investing.com - Crude oil prices fell in Asia on Monday as the market took note of fresh additions to the US rig count last week and strong production in the United States.
Strong output growth from some of the U.S. most prolific natural gas basins has propelled the U.S. to a pole-position in global gas markets
The US dollar rallied against the Canadian dollar, as we are looking to finally break out and test the 1.30 levels above.
Investing.com - The Commodity Futures Trading Commission released its weekly Commitments of Traders report for the week ending December 5 on Friday.
Whiting Petroleum’s (WLL) net-debt-to-adjusted EBITDA multiple rose steadily until 2Q16. But after a peak in 2Q16, its EBITDA multiple started falling.
Whiting Petroleum’s (WLL) earnings have improved overall since last year. The company’s 3Q17 earnings were higher YoY as well as on a sequential basis.
Whiting Petroleum (WLL) stock has fallen ~52% YTD. In this series, we'll be looking at various factors that could have affected WLL’s stock fall.
Baker Hughes will publish its US natural gas rig count report on December 8, 2017. Gas rigs rose by four to 180 on November 22–December 1, 2017.
The EIA estimated that US natural gas inventories rose by 2 Bcf (billion cubic feet) to 3,695 Bcf on November 24–December 1, 2017.
US dry natural gas production fell by 0.5 Bcf per day or 0.7% to 76.2 Bcf per day on November 30–December 6, 2017, according to PointLogic.
January natural gas (UNG) (UGAZ) futures contracts rose 0.8% to $2.78 per MMBtu (million British thermal units) at 1:08 AM EST on December 8, 2017.
An unexpected increase in US natural gas inventories during the withdrawal season pressured natural gas (FCG) (GASL) prices on December 7, 2017.
January US natural gas futures (GASL) contracts were below their 20-day, 50-day, and 100-day moving averages on December 7, 2017.
Investing.com - Gold prices were trading at five-month lows on Friday, as optimism over the U.S. tax reform overhaul continued to support demand for the greenback ahead of the highly-anticipated U.S. nonfarm payrolls report due later in the day.
The crude oil market is susceptible to heavy fund liquidation so prices are likely to continue to weaken over the near-term.
Investing.com - Gold dipped in Asia on Friday ahead of nonfarm payrolls in the US as the market awaits a widely expected Fed rate hike next week and looks for language on the impact of likely tax cuts next year.
Investing.com - Crude oil was narrowly mixed in Asia on Friday with China trade figures and US rig count data ahead to set the tone after rising last week and sentiment strong for stable to higher prices.
Helping to boost the U.S. Dollar Index was the rise in the Dollar/Yen. The Forex pair was supported by the return of stock market investors looking to take on risk.
Investing.com – Crude oil prices settled higher on Thursday as a threatened strike in Nigeria and growing Middle East political tensions stoked fears of supply disruptions, while ongoing OPEC-led output curbs supported sentiment.
Meanwhile, U.S. output rose by 25,000 barrels per day last week to 9.7 million barrels per day - the most since the EIA started maintaining weekly data in 1983.
Investing.com - Natural gas futures plunged on Thursday, falling to the lowest levels of the session after data showed a surprise buildup in U.S. supplies in storage last week.