U.S. natgas drops 5% on forecasts for milder weather, lower heating demand
U.S. natural gas futures dropped about 5% to a 21-month low on Monday on forecasts for warmer...
U.S. natural gas futures dropped about 5% to a 21-month low on Monday on forecasts for warmer weather and lower heating demand through the middle of February than previously expected. Gas prices have also been under pressure in recent weeks by growing beliefs in the market that there was more than enough gas in storage for the rest of the winter and that Freeport LNG's liquefied natural gas (LNG) export plant in Texas would not start pulling in big amounts of gas until at least March. On its first day as the front-month, gas futures for March delivery were down 13.5 cents, or 4.7%, from where the March contract closed on Friday to $2.714 per million British thermal units (mmBtu)
Oil Prices Set To Climb On Rumors That The Fed Will Stop Hiking Interest Rates
Traders expect the Federal Reserve to end its rate hikes in two months, which could push oil prices higher...
Traders expect the Federal Reserve to end its rate hikes in two months, which could push oil prices higher due to the generally inverse relationship between rates and oil prices.
Coupled with expectations for a rebound in oil demand in China, a lower rate hike and any other indication that the Fed may be preparing for a wind-down of its aggressive inflation control measures could lend additional upward potential to oil prices.
There has also been added support for prices from the reported drone attacks on targets in Iran, suggesting a possible escalation in Middle Eastern tensions. The reports pushed oil prices higher in morning trade in Asia today, although prices have since fallen back.
A suspected Israeli drone strike targeted a military compound in Iran. The attack comes amid heightened...
A suspected Israeli drone strike targeted a military compound in Iran. The attack comes amid heightened concern from Israel and the US over Iran’s nuclear development.
Novak Djokovic cruised to his 10th Australian Open victory with a three-set win over Stefanos Tsitsipas. On the women’s side, Aryna Sabalenka won her first Grand Slam title.
House Speaker Kevin McCarthy will meet with President Biden on Wednesday to discuss resolving the debt ceiling problem.
Public health officials are raising concerns over a new strain of gonorrhea that evades drugs.
Following its first meeting of the year on Wednesday, the Fed is expected to raise interest rates by...
Following its first meeting of the year on Wednesday, the Fed is expected to raise interest rates by just 0.25%—a sign that its campaign to slow inflation is working. Also, the January employment report drops on Friday, which is projected to show sustained job growth despite all the layoff headlines.
Big Tech earnings: There’s an earnings report for everyone this week, whether you’re curious about hardware (Apple), retail (Amazon), or saturated fats (McDonald’s). Plus, Meta and Alphabet will give us crucial insight into the teetering digital ad market.
In a memo obtained by NBC News, Gen. Mike Minihan, head of Air Mobility Command, wrote that his “gut” tells him that the US will go to war against China in 2025. Why that date? Taiwan’s election in 2024, combined with the US’ own election that year, will create ripe conditions for Chinese President Xi Jinping to attack Taiwan. President Biden has said several times that the US military would respond if China invaded Taiwan.