Rich Asplund on 07/03/2025

Oil Prices Lower on a Report US-Iran Nuclear Talks Will Restart

August WTI crude oil (CLQ25 ) on Thursday closed down -0.45 (-0.67%), and August RBOB gasoline (RBQ25 ) closed down -0.0043 (-0.20%). Oil prices on Thursday fell after Axios reported that the US plans to restart nuclear talks with Iran, which could eventually lead to reduced sanctions and increased

R Rich Asplund
Rich Asplund on 07/03/2025

Nat-Gas Prices Fall on Bearish EIA Report

August Nymex natural gas (NGQ25 ) on Thursday closed down by -0.079 (-2.26%). Aug nat-gas prices on Thursday fell after the weekly EIA report showed that nat-gas inventories rose by +55 bcf, which was a bigger increase than expectations of +49 bcf although lower than the 5-year average of +61...Natu

R Rich Asplund
Rich Asplund on 07/03/2025

Oil Prices Lower on Report US-Iran Nuclear Talks Will Restart

August WTI crude oil (CLQ25 ) today are down -0.69 (-1.02%), and August RBOB gasoline (RBQ25 ) is down -0.0146 (-0.69%). Oil prices are trading lower after Axios reported that the US plans to restart nuclear talks with Iran, which could eventually lead to reduced sanctions and increased Iranian oil.

R Rich Asplund
Rich Asplund on 07/02/2025

Energy Demand Optimism Pushes Crude Prices Sharply Higher

August WTI crude oil (CLQ25 ) Wednesday closed up +2.00 (+3.06%), and August RBOB gasoline (RBQ25 ) closed up +2.26 (+1.08%). Crude oil and gasoline prices on Wednesday rallied to 1-week highs and settled sharply higher. Crude has support on concerns that Middle East tensions could flare up again a

R Rich Asplund
Rich Asplund on 07/02/2025

Nat-Gas Prices Rebound on the Outlook for a Smaller-Than-Average EIA Inventory Build

August Nymex natural gas (NGQ25 ) on Wednesday closed higher by +0.073 (+2.14%). Aug nat-gas prices on Wednesday moved higher on the outlook for a smaller-than-average increase in weekly nat-gas inventories. Short covering emerged in nat-gas futures Wednesday on expectations that Thursday's weekly

R Rich Asplund
Rich Asplund on 07/02/2025

Crude Oil Prices Supported by Middle East Tensions

August WTI crude oil (CLQ25 ) today is up +0.48 (+0.73%), and August RBOB gasoline (RBQ25 ) is down -0.63 (-0.30%). Crude oil and gasoline prices today are mixed, with crude prices climbing to a 1-week high. Crude has support on concerns that Middle East tensions could flare up again...Oil tanker i

R Rich Asplund
Bill Baruch on 07/02/2025

Calm Before the Storm? Crude Holds Range Ahead of OPEC

Oil markets turned their attention back towards the Iran-Israel conflict as traders wondered whether Iran’s inventories of near-bomb-grade uranium have been depleted, and focused on whether or not Iran will cut off communication with key United Nations officials. There is speculation that if this ha

B Bill Baruch
Neharika Jain on 07/02/2025

Baker Hughes Earnings Preview: What to Expect

Baker Hughes is expected to release its fiscal second-quarter earnings later this month, and analysts project single-digit earnings drop.Baker Hughes Co office sign- by JHVEPhoto via iStock

N Neharika Jain
Rich Asplund on 07/01/2025

Iran Concerns and Dollar Weakness Support Crude Oil Prices

August WTI crude oil (CLQ25 ) Tuesday closed up +0.34 (+0.52%), and August RBOB gasoline (RBQ25 ) closed up +2.82 (+1.36%). Crude oil and gasoline prices settled higher Tuesday after the dollar index (DXY00 ) fell to a 3 1/3-year low. Also, concerns that Middle East tensions could flare up...The in

R Rich Asplund
Rich Asplund on 07/01/2025

Nat-Gas Prices Fall as Cooler US Temps Allow Nat-Gas Inventories to Build

August Nymex natural gas (NGQ25 ) on Tuesday closed lower by -0.041 (-1.19%). Aug nat-gas prices on Tuesday added to Monday's significant losses and posted a 5-week nearest-futures low. Ramped-up US nat-gas production and forecasts for cooler US temperatures are hammering nat-gas prices. Forecaste

R Rich Asplund
Rich Asplund on 07/01/2025

Dollar Weakness and Iran Concerns Boost Crude Oil Prices

August WTI crude oil (CLQ25 ) today is up +0.30 (+0.46%), and August RBOB gasoline (RBQ25 ) is up +1.26 (+0.61%). Crude oil and gasoline prices are rising today after the dollar index (DXY00) fell to a 3 1/3-year low. Also, concern that Middle East tensions could flare up again...Stacked oil barrel

R Rich Asplund
Bill Baruch on 07/01/2025

Oil’s Stuck in the Range—Can OPEC Shake It Loose?

WTI Crude Oil Futures (August Futures) Yesterday’s Settlement: 65.11, down -0.41 [-0.63%] WTI Crude Oil futures declined yesterday amid muted trading and news. Markets continue to prepare for the OPEC+ meeting on the 7th. Taking the bull side on crude this week may be like pushing a sled uphill in..

B Bill Baruch
Rich Asplund on 06/30/2025

Crude Oil Prices Slip as OPEC+ Expected to Boost Production

August WTI crude oil (CLQ25 ) Monday closed down -0.41 (-0.63%), and August RBOB gasoline (RBQ25 ) closed up +0.27 (+0.13%). Crude oil and gasoline prices on Monday settled mixed. Crude was under pressure Monday due to expectations that OPEC+ will increase its crude production level by another 411,

R Rich Asplund
Rich Asplund on 06/30/2025

Forecasts for Cooler US Temps Hammer Nat-Gas Prices

August Nymex natural gas (NGQ25 ) on Monday closed sharply lower by -0.283 (-7.57%). Aug nat-gas prices plunged on Monday on speculation that forecasts for cooler US temperatures will curb nat-gas demand from electricity providers to power air conditioning and allow US nat-gas inventories to keep re

R Rich Asplund
Rich Asplund on 06/30/2025

Crude Oil Price Pressured by Global Oversupply Concerns

August WTI crude oil (CLQ25 ) today is down -0.66 (-1.01%), and August RBOB gasoline (RBQ25 ) is down -0.41 (-0.20%). Crude oil and gasoline prices are under pressure today due to expectations that OPEC+ will increase its crude production level by another 411,000 bpd when they meet on Sunday....Floa

R Rich Asplund