U.S. Natural GasRebounding after the EIA reported a lower-than-expected 58 Bcf injection to storage, which further narrowed the surplus compared to the 5-year average to 274 Bcf. The Oct-2024 contract is currently 4.0 cents higher at $2.324.
U.S. WeatherThe 6-10 day forecast is calling for above-normal temperatures throughout a majority of the nation, with near-normal temperatures along parts of the East Coast.
U.S. DollarMarginally higher even after the Federal Reserve cut interest rates by 50 basis points, the first reduction since March 2020.
OilTracking higher with equity markets on hopes interest rate cuts will lead to stronger demand for the commodity. The Oct-2024 WTI contract is currently $1.34 higher at $72.25.
Equity MarketsBouncing higher on hopes the Fed's aggressive rate cut decision will help spur labor market activity and economic growth.
GeopoliticsEuropean Commission chief Ursula von der Leyen on Tuesday named a new team to lead for the next five years that will focus on challenges related to the region's security, competitiveness and growth.
Europe Natural GasEuropean natural gas are trading sideways as total demand was down 6mcm/d on day-ahead even as temperatures were slightly higher.
European Natural Gas StorageGas storage levels across Europe are at 93.5% capacity, up 2.3% from last week.
Europe WeatherFor the week September 8-14, temperatures were above-normal throughout much of the eastern half of the continent, with below-normal temperatures in much of the western half.
Brent OilBrent crude is climbing higher after the U.S. Federal Reserve cut interest rates in order to support economic growth.
GeopoliticsEuropean Commission chief Ursula von der Leyen on Tuesday named a new team to lead for the next five years that will focus on challenges related to the region's security, competitiveness and growth.
We assessed the viability of energy purchasing in over 30 deregulated European countries to better understand the uniqueness, capabilities, and gaps of each energy market.
