Natural Gas Price Up to Highest Level Since 2008

Gas Prices

U.S. natural gas surged today to the highest level in nearly 14 years as Russia’s invasion of Ukraine wreaks havoc on global energy markets. Henry Hub prices jumped more than 9% to $8.14 per million British thermal units (MMBtu) during morning trading on Wall Street, the natural gas price at highest level since September 2008.

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Natural Gas Price Up to Highest Level Since 2008 via @marketinvestor

WTI Price Eyes to Revisit Sub-$102.00 Region

WTI Price

WTI price prints mild losses around $104.15 as buyers fail to conquer short-term key hurdle during early Tuesday morning in Europe. Steady RSI adds strength to the pullback moves, suggesting further weakness towards the 50-SMA and the 100-SMA, respectively around $101.85 and $101.60.

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WTI Price Eyes to Revisit Sub-$102.00 Region via @marketinvestor

Crude Oil Supported by Unexpected Drop in US Inventories

WTI Price

U.S. West Texas Intermediate crude oil futures and international-benchmark Brent crude oil futures are edging higher on relatively low volume early Thursday. The price action suggests traders are taking a break from a volatile week which featured supply losses from Libya and a fear of lower demand after the International Monetary Fund (IMF) cut its global growth forecasts.

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Crude Oil Supported by Unexpected Drop in US Inventories via @marketinvestor