Energy Price Hub

Daily updates 12/08/2019

U.S. Natural Gas In retreat on oversupply concerns after yesterday's slim storage withdrawal, which implied production was running 4.5 Bcf per day above demand. The Jan-2020 contract is 7.2 cents lower at $2.355.
U.S. Weather The 6-10 day forecast is calling for below-normal temperatures to cover much of the eastern two-thirds of the nation, with above-normal temperatures in the western third.
U.S. Dollar Stronger against major rivals on expectations today's solid employment report will slow the pace of future Federal Reserve interest rate cuts.
Oil Pressing higher after OPEC and its allies finalized 500,000 barrels per day in production cuts that will last through March 2020. The Jan-2020 WTI contract is 70 cents higher at $59.13.
Equity Markets Surging higher after the Labor Department reported a stronger-than-expected 266,000 jobs were created during November.
Geopolitics Europe warned Iran that it may trigger a dispute mechanism that would re-impose international sanctions if Iran continued to violate the 2015 nuclear deal.

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