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Naureen Malik, Bloomberg. U.S. natural gas bulls may reap the benefits of the East Coast heat wave long after it ends. Five of 12 analysts and traders surveyed by Bloomberg see gas prices advancing while four expect them to remain steady, near four-week highs. The rest were bearish. Blazing temperatures in the eastern U.S. this […]

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Naureen Malik, Bloomberg. U.S. natural gas futures rallied the most in four weeks after a government report showed the smallest inventory gain in a decade. Gas stockpiles rose by 17 billion cubic feet last week to 3.294 trillion, the smallest storage injection for the time of the year since a withdrawal was reported in 2006, […]

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Oil Lower in Early Trade

On July 22, 2016 - 11:38 AM By

George Orwell, DTN Energy Reporter. Oil futures traded on the New York Mercantile Exchange and Brent crude on the Intercontinental Exchange moved lower early in Friday’s regular session, with the Brent and ULSD contracts sliding to 2-1/2 month lows on their spot continuation charts, as concern over too much supply weighs on values. “Oil prices […]

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Timothy Puko, The Wall Street Journal. The EIA said natural-gas stockpiles grew by 34 billion cubic feet last week Natural gas prices flipped to gains after government data showed a smaller-than-expected surplus of gas headed into storage last week. The U.S. Energy Information Administration said natural-gas stockpiles grew by 34 billion cubic feet last week, […]

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Oil Near Flat as Traders Assess Glut

On July 19, 2016 - 2:29 PM By

Nicole Friedman and Kevin Baxter, The Wall Street Journal. Oil prices wavered between gains and losses Tuesday as traders weighed signs of a growing glut of refined fuels against continued declines in U.S. crude production. U.S. crude for August delivery recently fell 20 cents, or 0.4%, to $45.04 a barrel on the New York Mercantile […]

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Oil Futures Settle Down Monday

On July 18, 2016 - 4:43 PM By

George Orwel, DTN Energy Reporter. New York Mercantile Exchange oil futures settled lower this afternoon, pressured by a strong dollar and fresh worries supply could be running ahead of demand. “This [selloff] is an inverse reaction to the failed coup in Turkey,” said analyst Phil Flynn at Price Futures Group. Others agreed. “Petroleum prices are […]

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Mark Shenk, Bloomberg. Crude fell to a two-month low as a strengthening dollar reduced investor appetite and the rising U.S. oil rig count signaled the output decline may slow. Futures dropped 1.4 percent in New York. Rigs targeting oil in the U.S. rose by 10 to 351 last week, Baker Hughes Inc. said on its […]

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Myra P. Saefong, MarketWatch. Oil futures lost more ground on Monday after a survey revealed that crude production from members of the Organization of the Petroleum Exporting Countries has climbed to a nearly eight-year high. The report exacerbates concerns that global output is set to climb even as recent supply disruptions ease. OPEC’s June crude […]

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NICOLE FRIEDMAN, The Wall Street Journal. Crude inventories declined less than expected in latest week Crude-oil prices turned negative Thursday after U.S. data showed a smaller-than-expected decline in crude inventories last week. U.S. oil for August delivery recently fell 94 cents, or 2%, to $46.49 a barrel on the New York Mercantile Exchange. Brent, the […]

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Mark Shenk, Bloomberg via WorldOil.com. Oil swung between gains and losses after falling to a one-week low as investors fled to haven assets on concern the UK’s vote to leave the European Union (EU) will hinder global growth. Futures dropped as much as 1.5% in New York before inching higher. Gold surged to a two-year […]

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Christine Buurma, Bloomberg. A blistering start to summer is helping put U.S. natural gas futures on course for the biggest gain in eight years. Gas has surged 16 percent this year, rebounding from a 17-year low. Drillers, burned by earlier declines, are refilling storage at half last year’s pace as extreme heat boosts the use […]

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Nicole Friedman, Dow Jones Business News via Nasdaq.com. Oil prices fell Tuesday as U.K.’s vote to exit the European Union continued to roil global markets and traders worried about an uptick in U.S. drilling activity. U.S. crude for August delivery recently fell $1.70, or 3.5%, to $47.29 a barrel on the New York Mercantile Exchange. […]

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