– ULSD price falls after $0.43 rally
– Decline not tied to supply/demand fundamentals
– Analysts raise crude oil price forecast to $100
– Natural gas consumption falls
Our Latest Resources
Propane Market Update
Highlights
1) Lowest pre-winter U.S. propane inventories in the last seven years
2) Arbitrage window currently incentivizes U.S. producers to export
3) Strong price rally nearing a decision point
Impact of H. Ida Shown for the First Time – WEMS – 9.13.21
Highlights
1. Refinery use falls on Gulf Coast
2. Gasoline demand rises
3. Domestic crude oil production loses 1.5 million barrels daily
4. Natural gas price holds $5.00
Oil Futures Prices Rangebound Despite Cat 4 Hurricane – WEMS – 9.7.21
Highlights
1. Latest EIA data bullish
2. Covid-19 restrains prices
3. Mu variant now appearing
4. Natural gas prices approach major resistance
Markets Respond Slowly to Hurricane Ida and Afghan Withdrawal – WEMS – 8.30.21
Highlights
1. Uncertainty shrouds U.S. withdrawal from Afghanistan
2. U.S. gasoline inventories below five-year average
3. Natural gas injections well below expectations
Weekly Energy Market Situation 7.12.21
1. 44 million Americans hit the road for the July 4th Holiday Weekend
2. U.S. gasoline demand tops 10 million barrels per day for the first time
3. Crude domestic production slowly moving higher, makes a post-pandemic high
4. Extreme heat in the West adding support to natural gas prices
Weekly Energy Market Situation 7.6.21
1. New oil targets around $100 per barrel
2. Refinery inputs rise
3. Higher prices could invite political response
4. LNG exports are flat in 2020
Weekly Energy Market Situation 6.28.21
1. Crude oil breaks higher
2. Inventories slimming down
3. Refinery use moves over 90 percent of capacity
4. Natural gas storage is lagging
Weekly Energy Market Situation 6.21.21
1. Crude inventory levels falling rapidly
2. Days’ supply in the lower third of its range
3. Price volatility likely to follow
4. Dry natural gas production rising
Hedging Insights and Analysis: Technical Analysis
Technical analysis is the study of price action in markets. Identifying trends and the reversal of trends is a key goal of this school of analysis. Practitioners do this by evaluating charts and other statistics derived from historical market prices.Market technicians...