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Commodities snapshot (energy)

Energy pack is down in today’s trading. Weekly performance at a glance in chart & table,

Oil (WTI) –

  • Oil price remains elevated over geopolitical tensions surrounding Iran and Venezuela and as inventories slide. Today’s range - $62.8-$63.8
  • WTI is currently trading at $63.1/barrel. Immediate support lies at $62 area and resistance at $66 area.

Oil (Brent) –

  • Brent remains elevated over WTI due to higher demand, geopolitical tension and OPEC agreement. Today’s range - $69.2-68.3
  • Brent is trading at $5.3 per barrel premium to WTI.
  • Brent is trading at $68.4/barrel. Immediate support lies at $67 area and resistance at $72 region.

Natural Gas –   

  • Natural gas gave up gains as inventories slide less than expected. Today’s range $3.12-3.22          
  • Natural Gas is currently trading at $3.17/MMBtu. Immediate support lies at $2.89 area & resistance at and $3.21 and at $3.12

WTI

        -2.02%

Brent

        -2.01%

Natural Gas

         -0.56%


           

 

 

 

 

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