Crude oil extends losses on China demand concerns, Gaza ceasefire hopes

Crude oil extends losses on China demand concerns, Gaza ceasefire hopes, global supply concerns. China's total fuel oil imports fell 11% in H1. Hopes of a Gaza ceasefire deal that would ease supply concerns are also weighing on crude prices. Crude oil futures settled lower on Friday to extend losses for the week.

U.S. oil rig count rises for third time in four weeks, Baker Hughes says

U.S. natural gas inventory net change of +22 Bcf for week ended July 19 - EIA

U.S. Natural gas inventory net change of +22 Bcf for week ended July 19 - EIA. Stocks for the week ending July 19, 2024, were 3,231 Bcf vs. 3,209 Bcf. Net change: +22 bcf. Natural Gas Futures (NG1:COM) -2.74% to $2.06.

Crude oil posts fourth straight drop with growing concerns about demand in China

New presidential contender Harris seen as tougher oil industry foe than Biden

Oil futures fall to fresh five-week lows. China's central bank unexpectedly cuts key interest rate. Oil market shows little reaction to Vice President Biden's withdrawal from presidential race. New presidential contender Harris seen as tougher oil industry foe than Biden on climate and energy issues. Front-month Nymex crude closes -0.4% down, the sixth loss in seven days.

Weekly Report: what happened at FCG last week (0715-0719)?

Trump's vow to 'drill baby drill' bodes well for oil? It's more complicated, analysts say

Crude oil futures posted a second straight weekly loss. Concerns about Chinese demand are weighing on the market. Investors may be looking at a potential ceasefire in Gaza. The Trump trade on oil is not clear, analysts say. U.S. Natural gas futures ended a volatile week -8.6%.

U.S. drilling rigs tick higher in Baker Hughes survey

Energy U.S. Drilling rigs tick higher in Baker Hughes survey. Total active rigs drilling for oil and gas in the US rose by 2 to 586. The total rig count is 12% below this time last year. Rigs in the Permian Basin remained flat.

U.S. natural gas bounces on smaller than forecast storage build

U.S. Natural gas futures bounce on smaller than forecast storage build for last week. Energy Information Administration reports smaller than expected increase in inventories. Front-month Nymex natural gas for August delivery settled +4.4% to $2.125/MMBtu, its largest one-day gain since June 11.

U.S. natural gas inventory net change of +10 Bcf for week ended July 12 - EIA

U.S. Natural gas inventory net change of +10 Bcf for week ended July 12 - EIA. Stocks for the week ending July 12, 2024, were 3,209 Bcf vs. 3,199 Bcf. Net change: +10 bcf. Natural Gas Futures (NG1:COM) +4.77% to $2.13.

What a Trump presidency could mean for commodities? JPM says gold stands out as winner

Crude oil rises as U.S. inventories fell for third straight week

Crude oil rises as U.S. Inventories fell for third straight week in a larger than expected drawdown. Front-month Nymex crude futures finished up 2.6% in their largest one-day percentage gain since June 10. Gasoline and diesel inventories also fell for the third consecutive week. Energy shares of energy companies rose as traders rotated back into sectors.

Oil prices extend decline on Chinese demand worries

Oil prices extend decline on Chinese demand worries. China's economy expanded at a 4.7% annual pace in Q2. Freeport LNG says it is working toward a "phased restart" of its liquefaction operations. Front-month crude oil futures fall for a third straight session.

Trump would bring positives for oil industry but tariff proposals a concern, API head says

U.S. Crude oil futures settle slightly lower Monday following weaker than expected Q2 economic data in China. China's GDP expanded by 4.7% in the April-June quarter, slower than expected. Goldman Sachs lower its forecast for China's 2024 growth to 4.9%. The oil industry is concerned about a second Trump administration's tariff proposals, API head says. Natural gas futures settle lower on concerns about impact of Hurricane Beryl.

Weekly Report: what happened at FCG last week (0708-0712)?

Delay in energy transition could be 'costly and disorderly,' BP says in annual outlook

U.S. Oil futures wrap up first weekly loss after four straight weeks of gains. Prices supported by soft inflation report and forecasts for higher energy demand. BP raised its 2024 Energy Outlook forecasts for oil and gas demand. The energy sector ended the week with a 0.4% gain.

U.S. drilling rig count little changed in Baker Hughes survey

Scratching For Data In Determining Crude's Future Prices

U.S. natgas slides to two-month low on big storage build, Beryl demand hit

U.S. natural gas inventory net change of +65 Bcf for week ended July 5 - EIA

U.S. Natural gas inventory net change of +65 Bcf for week ended July 5 - EIA. Stocks for the week ending July 5, 2024, were 3,199 Bcf vs. 3,134 Bcf in the week ended June 28, 2024. Natural Gas Futures (NG1:COM) -1.73% to $2.29.