Energy pack is mixed in today’s trading. Weekly performance at a glance in chart & table,
Oil (WTI) –
- Oil price is recovering as OPEC+ announced 1.2 million barrels of supply reduction but remains volatile Today’s range - $51.6- $50.3
- WTI is currently trading at $50.6/barrel. Immediate support lies at $45 area and resistance at $55 area.
Oil (Brent) –
- Brent remains elevated over WTI due to higher demand, geopolitical tension and OPEC agreement. Today’s range - $59.6-60.7
- Brent is trading at $9 per barrel premium to WTI.
- Brent is trading at $59.6/barrel. Immediate support lies at $57 area and resistance at $63 region.
Natural Gas –
- The natural gas price remains elevated thanks to the lower level of inventories. The volatility has increased significantly. Down this week as winter severity less intense. Today’s range $4.05 -$4.25
- Natural Gas is currently trading at $4.23/MMBtu. Immediate support lies at $4.1 area & resistance at $5.1
WTI |
-3.80% |
Brent |
-3.40% |
Natural Gas |
-6.33% |