Investors make record weekly cuts to bullish oil bets
Investors made the biggest cut on record to their bullish Brent crude oil bets during the week ending...
Investors made the biggest cut on record to their bullish Brent crude oil bets during the week ending March 8, selling the equivalent of 142 million barrels in the six top petroleum-related futures and options contracts. The range of pricing for the week was the biggest since the launch of oil futures in the late 1980s, and the reduction in bullish bets was the biggest since 2018.
Natural gas futures extended yesterday’s declines into this morning session ($4.48, down 17...
Natural gas futures extended yesterday’s declines into this morning session ($4.48, down 17 cents), falling amid a pickup in output and new milder forecasts for the weather to turn milder than normal for this time of year. The price declines came even though global gas prices continued to trade around eight times over U.S. futures, keeping demand for U.S. LNG exports at a record high.
U.S. stock futures rise after PPI reading, economic data
U.S. stock index futures rose Tuesday, finding support after a smaller-than-expected...
U.S. stock index futures rose Tuesday, finding support after a smaller-than-expected rise in a measure of wholesale inflation and a weak reading on factory activity in the New York region.
Investors continued to monitor developments in the Russia-Ukraine war and prepared for the kickoff of a two-day Federal Reserve policy meeting that’s fully expected to conclude with a benchmark interest rate increase and will be closely watched for clues to further monetary tightening.
Futures on the Dow Jones Industrial AverageYM00, 0.96% rose 135 points, or 0.4%, to 32,973.
S&P 500 futures ES00, 1.06% were up 21.25 points, or 0.5%, to 4,184.75.
Nasdaq-100 futures NQ00, 0.98% gained 103 points, or 0.8%, to 13,147.
The number of drilled but uncompleted oil wells in the U.S. fell again in March according...
The number of drilled but uncompleted oil wells in the U.S. fell again in March according to new information released Monday by the Department of Energy.
The total of DUCs in January was 4,528 and fell to 4,372 or a decline of 156 by February.
In the Anadarko Basin, the number of DUC wells fell from 758 in January 2022 to 748 in February.
TotalEnergies Gives Up Myanmar Asset To PTTEP For Nothing
Thailand’s PTT Exploration & Production (PTTEP) will be taking over operatorship of the Yadana...
Thailand’s PTT Exploration & Production (PTTEP) will be taking over operatorship of the Yadana gas field off Myanmar following TotalEnergies' departing the country due to the junta’s continued violence against civilians.
PTTEP said in a statement that it would take over operatorship in July and that the transaction would have no commercial value.
