Brent crude futures edged higher to USD 74.2 per barrel on Wednesday, after rebounding more than 3% in the previous session, as shrinking inventories and an energy crunch in Europe more than offset worries about new restrictions to combat the Omicron spread that could dent fuel demand. Government data showed …
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The US Dollar Index fell by 0.04%, sitting at 96.48 during the New York session. The market sentiment is positive, with major US shares rising between 1.60% and 2.80%. US President Joe Biden has said those not fully vaccinated have good reason to be concerned about omicron. All Americans have …
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US natural gas futures traded around $3.9 per million British thermal units in the third week of December, after hitting a near five-month low of $3.69 on December 17th, amid a surge in US exports and domestic forecasts for colder weather during the next month. The EU natural gas prices …
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It has been a big week for a number of major central banks worldwide. Central banks continuing to raise interest rates in an effort to tame inflation, largely dismissing for now the threat to economic growth posed by the spread of the Omicron variant. On ‘Super Thursday’ for central banks, …
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Central bank decisions, Omicron developments, and US inflation data were the past week’s highlights. The Reserve Bank of Australia decided to keep the interest rate at as low as 0.10% but left the door open to expectations of a rate hike earlier than previously thought in 2022. It indicated that …
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The US Energy Information Administration reported on Thursday that domestic supplies of natural gas fell by 59 billion cubic feet for the week ended 3 December.That compared with the average decline of 55 billion cubic feet forecast by analysts polled by S&P Global Platts. Total stocks now stand at 3.505 …
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America and Germany decided to adopt stricter restrictions to circumvent COVID-19 on Thursday, away Austria, there are tailored or modified lockdowns elsewhere all over the globe to combat the emergence of the new Omicron strain. Such measures provoked turmoil across financial markets, lest it could ignite severe global economic slowdown …
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Continued weather-driven poor demand expectations keep pressuring natural gas futures in early trading Thursday as the market awaited the latest round of weekly government inventory data. The January Nymex contract was off 9.8 cents to $4.160/MMBtu.Estimates ahead of the latest Energy Information Administration (EIA) storage report, scheduled for today, point …
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US natural gas futures rose over 2% to a one-week high on Wednesday on forecasts for slightly cooler weather and higher heating demand over the next two weeks than previously expected.That increase came even though near record output caused last week’s storage withdrawal to be smaller-than-usual, as expected.The US Energy …
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US shares markets witnessed a mild improvement in trading sentiment, despite printing a mixed daily performance for Thursday. The reason could be linked to the strong US data and comments from the Fed policymakers, as well as a pullback in the US inflation expectations and the Treasury yields.The Dollar Index’s …
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