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Heating Oil peaked at a 17.1% carry yield in September 2023. It has also had a steady decline from a short-term peak of 13.3% in February of this year into negative territory.
July WTI crude oil (CLN24 ) Wednesday closed up +0.82 (+1.12%), and July RBOB gasoline (RBN24 ) closed up +0.41 (+0.17%). Crude oil and gasoline prices on Wednesday recovered from early losses and finished moderately higher. Technical short-covering emerged in crude futures Wednesday after prices fell for five consecutive sessions...
July Nymex natural gas (NGN24 ) on Wednesday closed up by +0.171 (+6.61%). July nat-gas prices Wednesday closed sharply higher as US weather forecasts turned warmer, which will boost nat-gas demand from electricity providers to power increased air-conditioning. NatGasWeather said on Wednesday that temperatures are expected to remain above normal...
July WTI crude oil (CLN24 ) today is down -0.16 (-0.22%), and July RBOB gasoline (RBN24 ) is down -1.42 (-0.60%). Crude oil and gasoline prices today are mildly lower, with crude holding above Tuesday's 4-month low. A stronger dollar today is weighing on energy prices. Crude is also under...
Crude oil can be forming a bearish running triangle pattern, which can cool down the inflation in US, while US Yields and US dollar could weaken.
Short Term Elliott Wave in Oil (CL_F) shows incomplete Elliott Wave bearish sequence from 04.12.2024 high. Down from there, wave 1 ended at 76.15 like the 1 hour chart below shows. Rally in wave 2 unfolded in a zig zag Elliott Wave structure.
Merger and acquisition activity in the U.S. oil and gas sector has surged to almost $200 billion in the past year. Not surprisingly, the country’s richest shale area - the Permian Basin - has been the focus of much of the activity over the past five years - and with much of the best Permian acreage spoken for, here's why Conoco's latest deal looks like a winner.
Brent Crude finished May at its lowest hedge fund positions for the past 52 weeks. On Tuesday the estimated fund positions dropped further to 115,727 long contracts and is now over 225,000 from the peak set just 5 weeks ago. Note that hedge funds bought almost 200,00 contracts from the low in early December to the peak in April. Hedge funds have plenty of capital to add to their existing positions and can drive prices up quickly when they begin to buy.
July WTI crude oil (CLN24 ) Tuesday closed down -0.97 (-1.31%), and July RBOB gasoline (RBN24 ) closed up +1.39 (+0.60%). Crude oil and gasoline prices on Tuesday settled mixed, with crude falling to a 3-3/4 month low. Crude is under pressure on negative carryover from Sunday when OPEC+ rolled...
July Nymex natural gas (NGN24 ) on Tuesday closed down sharply by -0.170 (-6.17%). July nat-gas prices Tuesday relinquished early gains and closed sharply lower on negative carryover from a slump in European nat-gas prices. European nat-gas prices retreated from Monday's 6-month high Tuesday as supply concerns eased on expectations...
July WTI crude oil (CLN24 ) today is down -0.95 (-1.28%), and July RBOB gasoline (RBN24 ) is up +0.54 (+0.23%). Crude oil and gasoline prices today are mixed, with crude falling to a 3-3/4 month low. A stronger dollar today is weighing on energy prices. Crude is also under...
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When the market pulls back, it's an opportunity to invest in high-yield dividend stocks like Kenvue, Enterprise Products Partners, and Verizon, which offer attractive yields and growth potential.
July Nymex natural gas (NGN24 ) on Monday closed up sharply by +0.169 (+6.53%). July nat-gas prices soared Monday on carryover support from a rally in European nat-gas prices to a 6-month high. Nat-gas prices rallied sharply due to concern that European demand for US gas supplies will surge after...
July WTI crude oil (CLN24 ) on Monday closed down -2.77 (-3.60%), and July RBOB gasoline (RBN24 ) closed down -8.18 (-3.39%). Crude oil and gasoline prices tumbled to 3-month lows on Monday. Crude prices retreated after OPEC+ on Sunday unexpectedly rolled out a plan to restore some crude production...
With utility stocks riding the wave of soaring power demand, here are three top-notch Goldman Sachs utility picks.
July WTI crude oil (CLN24) today is down -2.69 (-3.49%), and July RBOB gasoline (RBN24 ) is down -6.98 (-2.89%). Crude oil and gasoline prices today fell sharply to 3-month lows. Crude prices are falling after OPEC+ on Sunday unexpectedly rolled out a plan to restore some crude production in...
Bill Baruch joined the CNBC Halftime Report on Friday with a new position added to portfolios, from the energy sector.
Western Midstream is a midstream company that pays shareholders a tasty dividend yield amid an uncertain and volatile macro environment in 2024.
Heating Oil is hovering above the lows from late last year. Heating Oil has also formed 2 bullish divergences where the Relative Strength Index has increased while prices have decreased.
Jim's video explains why grain and natural gas prices have recently collapsed again
July Nymex natural gas (NGN24 ) on Friday closed up +0.015 (+0.58%). July nat-gas prices Friday saw a modest recovery after the sharp declines of -5.63% on Wednesday and -3.53% on Thursday. The near-term weather outlook is mixed. NatGasWeather said Thursday that the eastern part of the US is expected...
July WTI crude oil (CLN24 ) Friday closed down -0.92 (-1.18%), and July RBOB gasoline (RBN24 ) closed up +1.39 (+0.58%). Crude oil prices Friday were undercut by demand concerns after the slightly weaker-than-expected US personal spending report. Crude oil prices were also undercut by weakness in the US stock...
July WTI crude oil (CLN24 ) today is down -0.79 (-1.01%), and July RBOB gasoline (RBN24 ) is up +0.61 Z(+0.25%). Crude oil prices today are being undercut by demand concerns after the slightly weaker-than-expected US personal spending report. Crude oil prices are also being undercut by today's weakness in...
July WTI crude oil (CLN24 ) Thursday closed down -1.32 (-1.67%), and July RBOB gasoline (RBN24 ) closed down -5.64 (-2.29%). Crude oil and gasoline prices Thursday closed moderately lower. Concern that interest rates will stay higher for longer sparked risk-off sentiment in financial assets on Thursday and undercut crude...
