Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

Commodities snapshot (energy)

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

Oil (WTI) –

  • Oil price is moving down despite Middle East tensions as inventories continue to build amid sharply higher production. In addition to that, the United States’ granting of sanctions waiver to several countries like China, India, and Korea are weighing on price. Broad trend is still bullish. Today’s range - $57.9- $56.4
  • WTI is currently trading at $57.4/barrel. Immediate support lies at $56 area and resistance at $62 area.

Oil (Brent) –

  • Brent remains elevated over WTI due to higher demand, geopolitical tension and OPEC agreement. Today’s range - $68.4-66.6
  • Brent is trading at $10.5 per barrel premium to WTI.
  • Brent is trading at $67.9/barrel. Immediate support lies at $63 area and resistance at $68 region.

Natural Gas –   

  • The natural gas price is moving down after hitting almost $5 per MMBtu. Today’s range $3.89 -$4.20
  • Natural Gas is currently trading at $4.17/MMBtu. Immediate support lies at $4 area & resistance at $5.44

WTI

         -4.65%

Brent

         -3.28%

Natural Gas

         +12.1%


           

 

 

 

 

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

December 10 10:00 UTC Released

GRHarmonised CPI YY

Actual

1.1 0

Forecast

Previous

1.8 0

December 10 10:00 UTC Released

GRCPI YY

Actual

1 0

Forecast

Previous

1.8 0

January 31 00:00 UTC 451357451357m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 451357451357m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 463177463177m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 451357451357m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 463177463177m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 451357451357m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 451357451357m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 451357451357m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

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