Rich Asplund on 01/23/2026

Crude Oil Rallies on Dollar Weakness and Heightened Geopolitical Risks

March WTI crude oil (CLH26 ) on Friday closed up +1.71 (+2.88%), and March RBOB gasoline (RBH26 ) closed up +0.0307 (+1.67%). Crude oil and gasoline prices rose sharply on Friday, with crude oil posting a 1-week high. Friday's slump in the dollar index (DXY00 ) to a 3.5-month low...Two oil barrels

R Rich Asplund
Rich Asplund on 01/23/2026

Nat-Gas Prices Underpinned by a Historic US Winter Storm

February Nymex natural gas (NGG26 ) on Friday closed up by +0.230 (+4.56%). Feb nat-gas prices settled sharply higher on Friday but remained below Thursday's 3-year nearest-futures high. Nat-gas prices have surged this week as a historic winter storm that will dive into the US this weekend will boo

R Rich Asplund
Rich Asplund on 01/23/2026

Renewed Geopolitical Risks Lift Crude Oil Prices

March WTI crude oil (CLH26 ) today is up +1.61 (+2.71%), and March RBOB gasoline (RBH26 ) is up +0.0314 (+1.71%). Crude oil and gasoline prices are sharply higher today, with crude oil posting a 1-week high. Dollar weakness today is supportive for energy prices. Also, an increase in geopolitical..

R Rich Asplund
Bill Baruch on 01/23/2026

Risk Assets Reprice as Macro Volatility Leads the Tape

Macro Note: The macro price action we saw across risk-assets yesterday is notable. On Wednesday we saw sharp reversions in US equities, a strong rally in the Dollar, a fall in Crude, and a fall in Gold / Silver after President Trump clarified that we will not be “invading” Greenland....2 pumpjacks a

B Bill Baruch
Rich Asplund on 01/22/2026

Crude Prices Sink as Geopolitical Risks Ease and US Supplies Increase

March WTI crude oil (CLH26 ) on Thursday closed down -1.26 (-2.08%), and March RBOB gasoline (RBH26 ) closed down -0.0408 (-2.17%). Crude oil and gasoline prices sold off sharply on Thursday after Ukrainian President Zelenskiy signaled progress in peace talks on ending the war with Russia. Losses

R Rich Asplund
Rich Asplund on 01/22/2026

Frigid US Weather Catapults Nat-Gas Prices to a 3-Year High

February Nymex natural gas (NGG26 ) on Thursday closed up by +0.170 (+3.49%), Feb nat-gas prices extended this week's parabolic rally on Thursday, climbing to a 3-year nearest-futures high. Natural gas prices have surged more than 60% over the last three days on forecasts of Arctic weather invading

R Rich Asplund
Rich Asplund on 01/22/2026

Crude Prices Tumble on Ukraine Peace Hopes and Surging US Oil Supplies

March WTI crude oil (CLH26 ) today is down -1.19 (-1.96%), and March RBOB gasoline (RBH26 ) is down -0.0412 (-2.19%). Crude oil and gasoline prices are sliding today after Ukrainian President Zelenskiy signaled progress in peace talks on ending the war with Russia. Losses in crude oil and gasoline

R Rich Asplund
Bill Baruch on 01/22/2026

Crude Pulls Back as Greenland Rhetoric Cools and CPC Repairs Near Completion

Crude oil is lower this morning after President Trump walked back the idea of taking Greenland by force later in the session yesterday. Markets had built up some inflation / deflationary risk has Trump upped the stakes on Greenland over the past week. US ten year yields rose to 4.2925%,...Oil jackpu

B Bill Baruch
Rich Asplund on 01/21/2026

Crude Oil Gains on Iran Risks

March WTI crude oil (CLH26 ) on Wednesday closed up +0.26 (+0.43%), and March RBOB gasoline (RBH26 ) closed up +0.0285 (+1.54%). Crude oil and gasoline prices settled higher on Wednesday, with gasoline climbing to a 7-week high. Crude found support on Wednesday from the IEA's decision to cut its...

R Rich Asplund
Rich Asplund on 01/21/2026

Nat-Gas Prices Surge as a Deep Freeze Threatens the US

February Nymex natural gas (NGG26 ) on Wednesday closed up sharply by +0.968 (+24.78%), Feb nat-gas prices rallied sharply for a second day on Wednesday, reaching a 6-week high. Natural gas prices have surged more than 50% over the last two days on forecasts of Arctic weather invading the US,...Fro

R Rich Asplund
Rich Asplund on 01/21/2026

Crude Prices Push Higher as Iran Risks Remain

March WTI crude oil (CLH26 ) today is up +0.13 (+0.22%), and March RBOB gasoline (RBH26 ) is up +0.0228 (+1.23%). Crude oil and gasoline prices are moving higher today, with gasoline climbing to a 7-week high. Crude is finding support today from a weaker dollar and the IEA's decision...A sunset ove

R Rich Asplund
Bill Baruch on 01/21/2026

Freeze Fuels Crude Breakout as Prices Press Higher

The US freeze is pressuring prices this morning. Parts of the freeze hitting Texas will likely slow down or shut off production. Outside of the short term US supply squeeze, geopolitical risk and the US at war with everyone is pressuring oil prices and the Dollar. Technical Analysis: We have...Offsh

B Bill Baruch
Walsh Trading on 01/21/2026

Crude oil futures close higher today

I am Stephen Davis, senior market strategist at Walsh Trading, Inc., Chicago, Illinois. You can reach me at 312-878-2391. Crude oil futures closed up today, Jan. 20, pushing above the 200-day moving average. Demand for crude oil is growing. In China, refinery throughput for oil rose 4.1% in 2025, av

W Walsh Trading
Rich Asplund on 01/20/2026

Crude Rallies as the Dollar Falls and Black Sea Oil Production Disrupted

February WTI crude oil (CLG26 ) on Tuesday closed up +0.90 (+1.51%), and February RBOB gasoline (RBG26 ) closed up +0.0386 (+2.16%). Crude oil and gasoline prices recovered from early losses on Tuesday and rallied sharply after the dollar index (DXY00 ) tumbled to a 2-week low. Also, reduced global

R Rich Asplund
Rich Asplund on 01/20/2026

Nat-Gas Prices Soar as an Arctic Blast Invades the US

February Nymex natural gas (NGG26 ) on Tuesday closed up sharply by +0.804 (+25.91%), Feb nat-gas prices surged to a 3-week high on Tuesday and settled sharply higher. The latest weather outlook signals sustained heating demand and possible nat-gas production losses in Texas due to freezing tempera

R Rich Asplund