KOLD

Weekly Report: what happened at KOLD last week (0415-0419)?

Commodity Roundup: Oil sheds over 2%, gold down 1% as Mideast tensions ease

Commodities Energy Commodity Roundup: Oil sheds over 2%, gold down 1% as Mideast tensions ease. Crude oil prices fell more than 2% on Monday as Middle East tensions eased. Brent futures fell 0.58% to $86.58 a barrel. Gold prices retreated as well, registering a third consecutive weekly loss.

Oil rally fades as fears ease over Israel-Iran hostilities; week ends lower

Crude oil futures posted a second straight weekly loss. Israel and Iran exchanged tit-for-tat strikes in the Middle East. The energy sector ended the week -1.2%. China's Q1 gross domestic product increased 5.3% Y/Y, sending bullish signal to oil markets.

U.S. natural gas inventory net change of +50 Bcf for week ended April 12 - EIA

U.S. Natural gas inventory net change of +50 Bcf for week ended April 12 - EIA. Total working gas is above the five-year average of 2,333 Bcf. Stocks were 424 Bcf higher than last year and 622 Bcf above the average for the same period.

European gas pushes higher, recouping YTD losses, on rising supply fears

European natural gas prices jump to their highest levels since January. European gas prices have recouped 30% of their YTD losses on rising supply fears. Russian strikes on Ukrainian energy infrastructure and Middle East tensions have pushed prices higher. Europe does not source gas from the Middle East, but relies on global markets.

Weekly Report: what happened at KOLD last week (0408-0412)?

Brent crude tops $90 on Mideast fears, but IEA sees slower global oil demand growth

Crude oil futures settle higher Friday after touching their highest intraday levels in six months. The IEA sees slower global oil demand growth for 2024. The energy sector ended the week with losses for the full week. U.S. Crude stocks rose sharply and inflation came in hotter than expected.

U.S. natural gas glut to keep prices low this year before rising in 2025, EIA says

U.S. Natural gas futures fall after EIA reports larger than expected injection into storage. Inventories 38% above the five-year average for the week. The EIA expects prices to remain low this year and average $2.20/MMBtu in 2024. Crude oil futures also fall.