|Day's range||51.68 - 52.30|
Investing.com - U.S. natural gas futures started the week on an upbeat note on Monday, as traders reacted to forecasts showing a return to colder weather after a warm spell in the eastern U.S.
US crude oil rigs are near a five-month low. West Texas Intermediate (or WTI) crude oil (UWT) (DWT) prices are down 8.8% year-to-date (or YTD).
Wall Street analysts expected that crude oil inventories at Cushing would rise between October 13, 2017, and October 20, 2017.
December WTI (or West Texas Intermediate) crude oil (DWT) (USO) futures contracts rose 0.6% and settled at $51.84 per barrel on October 20, 2017.
Investing.com - Crude prices gained in Asia on Monday as rig count figures out of the U.S. aided sentiment on the supply outlook.
December Comex Gold futures finished sharply lower after posting a two-week high early in the week. Rising Treasury yields helped make the U.S. Dollar a more attractive investment, leading to lower demand for dollar-denominated gold. Increased demand for risky assets also weighed on gold which pays neither interest nor a dividend to hold it. The … Continue reading Gold Price Futures (GC) Technical Analysis – Weekly Trend Determined by Trader Reaction to $1286.80
BEIRUT (AP) — U.S.-backed fighters captured Syria's largest oil field from the Islamic State group Sunday, marking a major advance against the extremists in an area coveted by pro-government forces.
U.S. West Texas Intermediate and international-benchmark Brent crude oil finished higher last week, drawing support from a steep drop in Iraqi crude exports due to tensions in the Kurdistan region. However, weak U.S. demand helped limit gains. December West Texas Intermediate Crude Oil settled at $51.84, up $0.11 or +0.21% and January Brent Crude Oil … Continue reading Oil Price Fundamental Weekly Forecast – Rangebound Until Extension of OPEC-led Production Cuts Is Announced
OPEC’s secretary general has asked U.S. shale oil producers to cooperate with the cartel to keep the global oil market out of an oversupply situation
The major U.S. stock indexes surged on Friday after the U.S. Senate overcame a significant hurdle to move toward tax reform. The blue chip Dow Jones Industrial Average reached an intraday and closing record, led by strong performances by Boeing, Goldman Sachs and JPMorgan Chase. The Dow was also boosted by a huge recovery in … Continue reading U.S. Stock Indexes Surge After Senate Moves Toward Tax Reform
December West Texas Intermediate Crude Oil futures finished higher on Friday, basically saving the market from posting a lower close for the week. The price action suggests that investors are waiting for clarity over whether OPEC and the major non-OPEC producers will extend their strategy to cut output in an effort to decrease the global … Continue reading Crude Oil Price Update – Big Decision Coming from Bullish Traders on Test of $50.60 to $50.01
December Comex Gold futures closed lower on Friday, pressured by rising U.S. Treasury yields. A firmer U.S. Dollar also weighed on gold prices because it made the dollar-denominated commodity a less-attractive investment. Increased demand for higher risk assets also helped drive down demand for lower-yielding gold. Stocks were underpinned by the news that the Senate … Continue reading Gold Price Futures (GC) Technical Analysis – Trading on Bearish Side of Major 50% Level at $1286.80
December Comex High Grade Copper futures settled slightly lower on Friday after giving back earlier gains. Despite four straight losing sessions after a spike into a three-year high on Monday, the market still managed to post a solid gain for the week. Strong hedge fund buying drove copper prices into $3.2595 on October 16, but … Continue reading Comex High Grade Copper Price Futures (HG) Technical Analysis – Likely to Test $3.0930 to $3.0535 Value Zone
WTI Crude Oil The WTI Crude Oil market initially dipped during the week, but then reached towards the $52.50 level above. This is an area that has been resistive in the past, so if we were to break above there, more specifically close above there on a daily timeframe, it’s likely that we would continue … Continue reading Crude Oil forecast for the week of October 23, 2017, Technical Analysis
Investing.com – Crude oil prices settled higher on Friday as political tensions in the Kurdistan region continued to disrupt crude supplies offsetting signs of wavering U.S. demand.
Crude oil prices rebounded on Friday, after initially testing lower levels. This week the EIA reported a larger than expected draw in inventories, but the rising dollar weighed on prices. OPEC has been moving inventories back into balance, and with distillate stocks in the United States near the bottom end of the 5-year range, prices … Continue reading Crude Oil Price Analysis for October 23, 2017
Royal Dutch Shell's Nigeria subsidiary says it has lifted the force majeure imposed on Bonny Light crude oil exports a month ago. Company spokesman Joseph Obari says the force majeure was lifted Thursday. ...
On October 17, 2017, Anadarko Petroleum’s (APC) short interest as a percentage of float was ~2.21%. On January 3, 2017, it was ~2.24%.