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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 - $66.3-$65.2
  • WTI is currently trading at $65.4/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 - $68.6-70.1
  • Brent is trading at $3.4 per barrel premium to WTI.
  • Brent is trading at $68.8/barrel. Immediate support lies at $67 area and resistance at $72 region.

Natural Gas –   

  • Natural gas declining sharply after major spike as winter end nears and as contract shifted. Expect elevated volatility. Today’s range $2.92-2.84
  • Natural Gas is currently trading at $2.86/MMBtu. Immediate support lies at $2.82, $3.01 area & resistance at and $3.21 and at $3.35

WTI

        -1.16%

Brent

        -2.37%

Natural Gas

         -18.34%


           

 

 

 

 

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January 31 00:00 UTC 166177166177m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 166177166177m

ARAnnual Primary Balance*

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Bln AR bln ARS

January 31 00:00 UTC 166177166177m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

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