Page 49 - John Kilduff News Today

Meanwhile, U.S. drivers are spending twice on gas compared to last year.

U.S. natural gas prices more than doubled since the start of the year, and this summer’s air-conditioning season could send them soaring by at least another 25%. In the futures market, gas prices rose 4.4% Tuesday as hot spring weather in the Southern U.S. pressured a market that has already been concerned about tight supplies. ...

HOUSTON:Oil prices fell 2.5% on Wednesday, reversing early gains as traders grew less worried about a supply crunch after government data showed U.S. refiners ramped up output, and as crude futures followed Wall Street lower.

Consumers are grappling with record high gas prices, but the surge is also hurting businesses.

Consumers are grappling with record high gas prices, but the surge is also hurting businesses.

By Arathy Somasekhar HOUSTON (Reuters) -Oil prices fell over 2% on Wednesday, reversing early gains as traders grew less worried about a supply crunch

HOUSTON: Oil prices reversed course and fell over 2 percent on Wednesday after government data showed US refiners ramped up output, easing worries of a supply crunch, and as traders took cues from a drop in equities market. Brent crude was down $2.41 cents, or 2.4 percent, at $109.52 a barrel at 12:05 a.m. ET (1605 GMT), while US West Texas Intermediate crude fell $2.5 cents,

U.S. natural gas prices more than doubled since the start of the year, and the air-conditioning season could send them soaring by another 25% or more.

A pending EU ban on oil from Russia, a key supplier, is anticipated to further tighten global supplies

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