U.S. Natural GasContinues to rally after the EIA reported a higher-than-expected 190 Bcf withdrawal from storage, which narrowed the surplus compared to the 5-year average to 165 Bcf. The Jan-2025 contract is currently 15.4 cents higher at $3.532.
U.S. WeatherThe 6-10 day forecast is calling for above-normal temperatures to cover a majority of the nation, with near-normal temperatures in parts of the Midwest.
U.S. DollarMarginally higher even after the Labor Department reported an uptick in weekly jobless claims.
OilAdvancing after the EIA reported a 1.4 million barrel decline in oil inventories, a 5.1 mb jump in gasoline stocks, and a 3.2 mb increase in distillates. The Jan-2025 WTI contract is currently $1.42 higher at $70.01.
Equity MarketsSliding lower as investors digested a hotter-than-expected producer price index reading for November.
GeopoliticsEuropean Union ambassadors agreed a 15th package of sanctions on Russia over its war against Ukraine.
Europe Natural GasEuropean natural gas prices climbing higher as LNG cargoes have been diverted away from European markets to Asian markets.
European Natural Gas StorageGas storage levels across Europe are at 82.0% capacity as colder weather increased the need for supplies.
Europe WeatherFor the week December 1-7, temperatures were above-normal throughout much of the continent, with mostly normal temperatures in Central Europe.
Brent OilBrent crude is climbing higher on rising geopolitical risk in the Middle East after the Assad regime fell in Syria.
GeopoliticsEuropean Union ambassadors agreed a 15th package of sanctions on Russia over its war against Ukraine.
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