Jim Rinaudo on 11/21/2024

Inventory Builds Sends Crude Prices Lower - WTI Crude Oil

The January WTI (CLF25 ) trading session settled at 68.75 (-0.49) [-0.71%] , had a high of 69.96, a low of 68.64. Cash price is at 69.44 (+0.28), while open interest for CLF25 is at 366,848. CLF25 settled above its 5 day (68.59), below its 20 day (69.20), below its...An oil tanker out at sea by Gerh

J Jim Rinaudo
Rich Asplund on 11/21/2024

Crude Gives Up Early Gains as Weekly EIA Inventories Unexpectedly Increase

December WTI crude oil (CLZ24 ) Wednesday closed down -0.52 (-0.75%), and December RBOB gasoline (RBZ24 ) closed up +0.0081 (+0.40%). Crude oil and gasoline prices Wednesday settled mixed, with gasoline posting a 1-month high. Escalation of the Ukraine-Russian war is a bullish factor for crude pric

R Rich Asplund
Rich Asplund on 11/21/2024

Nat-Gas Prices Sharply Higher on the Outlook for Colder US Temps

December Nymex natural gas (NGZ24 ) on Wednesday closed sharply higher by +0.195 (+6.50%) Dec nat-gas prices Wednesday extended this week's sharp rally to a 10-month nearest-futures high. The outlook for sharply colder temperatures toward the end of the month that will boost heating demand for nat-

R Rich Asplund
Tony Daltorio on 11/21/2024

1 Energy Transition Stock Set to Thrive Under Trump 2.0

A key component to modernizing the electric grid to meet soaring power demand from AI data centers are transformers. But the industry is being overwhelmed by demand for transformers. The $48 billion market is forecast to reach $67 billion by 2030, says consultancy Rystad Energy. This is great news f

T Tony Daltorio
Rich Asplund on 11/21/2024

Crude Prices Underpinned as Ukraine-Russian War Escalates

December WTI crude oil (CLZ24 ) today is up +0.21 (+0.30%), and December RBOB gasoline (RBZ24 ) is up +0.0210 (+1.03%). Crude oil and gasoline today are moderately higher, with crude posting a 1-week high and gasoline posting a 1-month high. Escalation of the Ukraine-Russian war is boosting crude p

R Rich Asplund
Bill Baruch on 11/21/2024

Crude Oil Finds Resistance Amid Geopolitical Shifts

WTI Crude Oil futures finished nearly unchanged yesterday after an initial rally tied to conflict escalation in the Russia – Ukraine war.Offshore drilling rig by nielubieklonu via iStock

B Bill Baruch
Rich Asplund on 11/21/2024

Crude Oil Gains on Escalation of Ukraine-Russian War

December WTI crude oil (CLZ24 ) Tuesday closed up +0.23 (+0.33%), and December RBOB gasoline (RBZ24 ) closed up +0.0194 (+0.96%). Crude oil and gasoline prices Tuesday rallied to 1-week highs and closed moderately higher. Crude found support Tuesday from a weaker dollar and an escalation of the Ukr

R Rich Asplund
Rich Asplund on 11/21/2024

Nat-Gas Prices Climb as US Weather Forecasts Turn Colder

December Nymex natural gas (NGZ24 ) on Tuesday closed higher by +0.025 (+0.84%) Dec nat-gas prices on Tuesday added to Monday's gains and posted a 5-month nearest-futures high. The outlook for sharply colder temperatures toward the end of the month will boost heating demand for nat-gas and support

R Rich Asplund
Rich Asplund on 11/21/2024

Crude Erases Early Gains on Possible Easing of Middle East Hostilities

December WTI crude oil (CLZ24 ) today is down -0.33 (-0.48%), and December RBOB gasoline (RBZ24 ) is up +0.0087 (+0.43%). Crude oil and gasoline prices today are mixed, with gasoline posting a 1-week high. Crude oil fell back from a 1-week high today and turned lower after the International...Oil t

R Rich Asplund
Bill Baruch on 11/21/2024

Crude Oil Climbs Amid Geopolitical Tensions and Dollar Weakness

WTI Crude Oil futures rallied sharply yesterday as the dollar slumped and geopolitical concerns increased. The Biden administration allowed the use of U.S.-supplied long-range missiles for use within Russian territory for the first time yesterday, ramping fears of escalation. This morning there are

B Bill Baruch
Jim Rinaudo on 11/21/2024

Ukraine War Premium Is Back, China’s Demand Stays Low - CLF25 Crude Oil

The January WTI (CLF25 ) trading session settled at 69.17 (+2.25) [+3.36%] , had a high of 69.37, a low of 66.53. Cash price is at 67.03 (-1.65), while open interest for CLF25 is at 348,664. CLF25 settled above its 5 day (68.18), below its 20 day (69.37), below its...The index of oil up by Pashalgna

J Jim Rinaudo
Rich Asplund on 11/21/2024

Crude Rallies Sharply on Rising Geopolitical Tensions

December WTI crude oil (CLZ24 ) Monday closed up +2.14 (+3.19%), and December RBOB gasoline (RBZ24 ) closed up +0.0690 (+3.54%). Crude oil and gasoline prices Monday rallied sharply on mounting geopolitical tensions after the US gave Ukraine the green light to use long-range missiles inside Russia.

R Rich Asplund
Rich Asplund on 11/21/2024

The Outlook for Colder US Temps Lifts Nat-Gas Prices

December Nymex natural gas (NGZ24 ) on Monday closed sharply higher by +0.150 (+5.31%) Dec nat-gas prices Monday rose sharply on the outlook for colder US temperatures toward the end of this month, which will boost heating demand for nat-gas. Forecaster Maxar Technologies said Monday that forecasts

R Rich Asplund
Rich Asplund on 11/21/2024

Rising Geopolitical Tensions Boost Crude Prices

December WTI crude oil (CLZ24 ) today is up +1.93 (+2.88%), and December RBOB gasoline (RBZ24 ) is up +0.0610 (+3.13%). Crude oil and gasoline prices today are moving moderately higher. Mounting geopolitical tensions are pushing crude prices higher today after the US gave Ukraine the green light to

R Rich Asplund
Nauman Khan on 11/21/2024

Is This Nuclear Energy Stock a Buy, Sell, or Hold After Earnings?

Nuclear stocks are gaining momentum, and Vistra is leading the charge. With investments in zero-carbon assets and a bullish outlook from analysts, the company is capitalizing on the nuclear sector's resurgenceBuy and sell indicators for trade on the chart by Anekcen Eeno3epcknn via iStock

N Nauman Khan