US Nat Gas Prices Could Plunge if LNG Exports Decline
U.S. natural gas prices could weaken over the short-run with traders already pricing in higher production and lower demand.
Source: fxempire.com
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Oil Price Fundamental Daily Forecast – Rising Gasoline Demand Expectations Setting Bullish Tone
Add to Bookmarks U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading sharply higher on Tuesday on a more optimistic outlook for demand. The rally is being fueled by the news that more U.S. states eased lockdowns and the European Union sought to attract travelers. This news is helping to offset worries over fuel demand in India as COVID-19 cases soar. At 12:43 GMT, June WTI crude oil is trading $65.31, up $0.82 or +1.27% and July Brent crude oil is at $68.43, up $0.87 or +1.29%. Advertisement Start Trading Trading Derivatives carries a high level of ris...
Source: fxempire.com
Oil Price Fundamental Daily Forecast – Underpinned by Optimistic OPEC Demand Forecast Ahead of API Report
Add to Bookmarks U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are edging higher late Tuesday after OPEC raised its forecast for growth in world oil demand this year on expectations the pandemic will subside, providing help for the group and its allies in their efforts to support the market, Reuters added. At 05:23 GMT, June WTI crude oil is at $60.17, up $0.42 or +0.70% and June Brent crude oil is trading $63.68, up $0.40 or +0.63%. Advertisement Start Trading Demand Expected to Rise 6.6% in 2021: OPEC Demand will rise by 5.95 million barrels per day (bpd...
Source: fxempire.com