Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

Commodities snapshot (energy)

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

Oil (WTI) –

  • Oil price remains elevated as report came out suggesting Saudi Arabia targeting $100 per barrel. Today’s range - $68.5-$69.3
  • WTI is currently trading at $68.8/barrel. Immediate support lies at $63 area and resistance at $69area.

Oil (Brent) –

  • Brent remains elevated over WTI due to higher demand, geo-political tension and OPEC agreement. Today’s range - $74.5-75.3
  • Brent is trading at $6 per barrel premium to WTI.
  • Brent is trading at $74.8/barrel. Immediate support lies at $66 area and resistance at $74 region.

Natural Gas –   

  • Natural gas is continuing its struggle as winter end arrives. Today’s range $2.72-2.77
  • Natural Gas is currently trading at $2.75/MMBtu. Immediate support lies at $2.45 area & resistance at $2.78, and $2.90

WTI

        +1.03%

Brent

        +1.49%

Natural Gas

         +0.36%


           

 

 

 

 

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.