Rich Asplund on 11/02/2026

Crude Oil Prices Plummet on Middle East Peace Hopes

December WTI crude oil (CLZ26 ) closed down -7.66 (-7.36%) on Monday, and December RBOB gasoline (RBZ26 ) closed down -0.2564 (-8.12%). Energy prices plunged on Monday, with Dec WTI crude oil falling to a 2-week low and Dec gasoline dropping to a 3-month nearest-futures low. Crude prices slumped Mo

R Rich Asplund
Rich Asplund on 11/02/2026

Warm US Temps Undercut Nat-Gas Prices

December Nymex natural gas (NGZ26 ) closed down -0.042 (-1.45%) on Monday. Dec nat-gas prices settled lower on Monday, pressured by continued warm weather that is curbing heating demand for nat-gas. The Commodity Weather Group said Monday that forecasts are showing persistently above-normal tempera

R Rich Asplund
Phillip Streible on 11/02/2026

Crude Reverses From the Top of Its Rising Wedge as Nat Gas Sets a New Contract Low

Crude reversed sharply from the top of its rising wedge on diplomacy headlines and fell back below $100 heading into Tuesday's midterms. December nat gas set a new contract low at $2.85 before bouncing while funds hold a record short. Key levels and bias for both markets are inside.An oil tanker out

P Phillip Streible
Rich Asplund on 11/02/2026

Crude Oil Prices Sink on Hopes Diplomacy Can End US-Iran Conflict

December WTI crude oil (CLZ26 ) is down -7.23 (-6.95%) today, and December RBOB gasoline (RBZ26 ) is down -0.2337 (-7.40%). Energy prices are sharply lower today, with Dec WTI crude oil falling to a 2-week low and Dec gasoline dropping to a 3-month nearest-futures low. Crude prices are slumping...A

R Rich Asplund
Andrew Hecht on 11/02/2026

Barchart- October’s Top Commodity Performers and Underperformers

While the two crude oil benchmarks, WTI and Brent, posted double-digit percentage gains in October 2026, many more commodities posted double-digit percentage losses. The U.S. stock market ended October on a shaky note as geopolitics and the U.S. midterm elections loom large in early November.Bull vs

A Andrew Hecht
Gregor Horvat on 11/02/2026

Crude Oil Nears Potential Reversal as Momentum Fades Amid Iran Diplomacy

Crude oil may be nearing the final stages of its five-wave recovery, with RSI divergence warning of fading momentum. Meanwhile, Iran diplomacy adds uncertainty and could influence the next move.Worker checking a jackpump at sunrise by zhengzaishuru via iStock

G Gregor Horvat
Chris Swift on 10/30/2026

Shootin' The Bull about Heavy Livestock Markets and Higher Energy

In my opinion, what has been expected is believed to have begun. That is, the realization of poor feeding margins, and now, seemingly a softening of the beef market, causing cattle prices to decline. Boxes around $366.00 ending this week suggest another $41.00 lower to reach the $325.00 support lev

C Chris Swift
Rich Asplund on 10/30/2026

Nat-Gas Prices Fall as US Weather Remains Warm

December Nymex natural gas (NGZ26 ) closed down -0.054 (-1.83%) on Friday. Dec nat-gas prices fell again Friday on continued warm weather and bearish carry-over from Thursday’s larger-than-expected rise in weekly EIA inventories (+80 bcf vs. a consensus +72 bcf). The Commodity Weather Group said Fr

R Rich Asplund
Phillip Streible on 10/30/2026

Crude Hits a New High Into Election Weekend as Nat Gas Slips to a Fresh Contract Low

December crude hit a new high of the move at the top of its rising wedge, and the old $103.90 high is the level to watch into the weekly settle with election weekend headline risk ahead. December nat gas set a new contract low after a bigger than expected storage build, with funds holding a record s

P Phillip Streible
Rich Asplund on 10/29/2026

Nat-Gas Prices Fall on EIA Inventory Rise and Warm Weather

December Nymex natural gas (NGZ26 ) closed down -0.080 (-2.64%) on Thursday. Dec nat-gas prices closed lower Thursday on a larger-than-expected rise in weekly EIA inventories (+80 bcf vs. a consensus +72 bcf) and continued warm-weather forecasts. The Commodity Weather Group is forecasting above-aver

R Rich Asplund
Andrew Hecht on 10/29/2026

What is on the Horizon for the 2026/2027 Natural Gas Withdrawal Season?

The natural gas withdrawal season starts next month, with U.S. inventories slightly above the 5-year average, but below last year’s level. While U.S. prices remain well below $4 per MMBtu for the upcoming peak season in January 2027, European price action suggests U.S. prices could soar if the winte

A Andrew Hecht
Rich Asplund on 10/29/2026

Crude Oil Prices Fall on VP Vance Outreach to Iran

December WTI crude oil (CLZ26 ) closed down -0.78 (-0.76%) on Thursday, and December RBOB gasoline (RBZ26 ) closed down -0.0206 (-0.66%). Dec WTI crude oil prices fell on Thursday as the market assesses mediation efforts to avert a possible US military attack on Iran after this Tuesday’s US mid-term

R Rich Asplund