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Energy Price Hub

Daily updates 02/27/2024

U.S. Natural Gas Gaining ground after daily industry production estimates came in around 101.7 Bcf/day, a roughly 2.3 Bcf/day decline from last week. The Mar-2024 contract is currently 1.6 cents higher at $1.675 on its expiration day.
U.S. Weather The 6-10 day forecast is calling for above-normal temperatures to cover the eastern half of the nation, with below-normal temperatures throughout much of the western half.
U.S. Dollar Edging lower after the Conference Board revealed consumer confidence declined for the first time since November.
Oil Pushing higher after Israeli and Hamas mediators expressed caution after President Biden said he believed a ceasefire could be reached in under a week. The Apr-2024 WTI contract is currently 61 cents higher at $78.19.
Equity Markets Struggling for traction after a read on new orders for long-lasting goods fell more than expected during January.
Geopolitics Greece formally agreed to lead a European Union maritime security operation to protect commercial shipping vessels in the Red Sea.

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