Energy Price Hub

Daily updates 12/03/2021

U.S. Natural Gas Rebounding after a more than 20% weekly drop as traders cover short positions to manage risk ahead of the weekend. The Jan-2022 contract is 13.4 cents higher at $4.190.
U.S. Weather The 6-10 day forecast is calling for above-normal temperatures to cover much of the eastern three-fourths of the nation, with below-normal temperatures in the Northwest.
U.S. Dollar Pared early gains following today's jobs report that could temper the Fed's plan to begin tightening its monetary policy.
Oil Adding to yesterday's gains as demand concerns associated with the omicron variant eased after OPEC decided to move forward with their gradual production increase. The Jan-2022 WTI contract is 45 cents higher at $66.95.
Equity Markets Sinking lower after the Labor Department revealed disappointing jobs growth in November, raising concerns over the economic recovery.
Geopolitics U.S. Secretary of State Antony Blinken warned Russian Foreign Minister Sergei Lavrov over the buildup of forces near the Ukrainian border.

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