11+ hour, 49+ min ago   (641+ words) Oil fundamentals sharply tightened Monday following the closure of Saudi Arabia’s East-West pipeline as a result of drone attacks. The pipeline carries about 4 million barrels a day to the Red Sea port of Yanbu, representing about 4% of global supply. Industry…...

3+ day, 20+ hour ago   (162+ words) Natural gas rebounds from $2.75 support as a potential bullish hammer forms, with a breakout opening the door toward $3.03, $3.09 and potentially $3.26. Thursday’s low of $2.75 is now key short-term support, as a sustained decline below that level would put a potential upside…...

4+ day, 4+ hour ago   (329+ words) WTI and Brent test bullish breakouts as U.S.-Iran tensions raise supply disruption fears, with technical momentum and geopolitical risks supporting oil prices. The light sweet crude oil market gapped higher to kick off the trading session on Thursday, pulled back…...

3+ day, 22+ hour ago   (572+ words) Natural gas attempts to rebound as traders react to the EIA Weekly Natural Gas Storage Report. The report indicated that working gas in storage increased by +40 Bcf from the previous week, compared to analyst consensus of +31 Bcf. Interestingly, higher-than-expected build…...

4+ day, 10+ hour ago   (692+ words) Shipping data confirm these concerns, as only seven ships passed through the Strait of Hormuz yesterday, compared to 12 a day earlier, as well as the ten day average of fifteen. Worryingly, no LNG ship went out of the Strait. One…...

4+ day, 12+ hour ago   (280+ words) The daily chart for WTI crude oil shows that the price has broken above the $92.50 resistance area and pushed toward the $97 level. The price action after the breakout from the triangle pattern shows strong bullish momentum in the short term....

4+ day, 22+ hour ago   (460+ words) Natural gas remains under pressure as traders stay focused on cooler weather forecasts and bet on weaker demand. From the technical point of view, natural gas settled below the 50 MA at $2.92 and pulled back towards the nearest support, which is…...

5+ day, 3+ hour ago   (262+ words) WTI crude oil pushes above $95 as an ascending triangle breakout and supply concerns put the key $100 level firmly in focus. The light sweet crude oil market has rallied a bit during the early part of the trading session here on…...

5+ day, 11+ hour ago   (675+ words) The broader physical market is currently tighter. Shipments of Middle Eastern crude are about 11 million barrels per day, which is down from about 18 million barrels before this conflict started. Circumventing routes, U.S. supply, Canadian supply, and Guyana supply have lessened the…...

5+ day, 22+ hour ago   (489+ words) Natural gas pulled back as traders focused on high production and disappointing weather forecasts. On the upside, natural gas needs to settle above $3.05 to have a chance to gain upside momentum in the near term. In this case, natural gas…...