Natural gas futures are lower in early trading (-14 cents @$4.85)...
Natural gas futures are lower in early trading (-14 cents @$4.85)as preliminary estimates for storage week-ending today has a draw of (55) to (65) Bcf which compares to the 5-year average of (62) Bcf. Data incorporating 5 of 7 days in that pending report had total supply averaging 98.1 Bcf/d, down (0.9) Bcf/d w/w while total demand averaged 110.5 Bcf/d, +2.9 Bcf/d w/w. Dry gas production was lower w/w while net Canada imports and LNG feedgas flows were roughly unchanged. NOAA 6-10 and 8-14 day forecasts Thursday afternoon were colder d/d.
WTI and Brent crude oil futures are swinging in and out of gains and losses in early trading as the volatility...
WTI and Brent crude oil futures are swinging in and out of gains and losses in early trading as the volatility has scared players out of the oil market, which in turn is likely to exacerbate price swings. Oil prices have pulled back as both benchmark contracts are set to end the week down more than 4%, after having traded in a $16 range. Prices have dropped from 14-year highs hit nearly two weeks ago. OPEC+ compliance with oil production cuts rose to 136% in February from 129% in January, missing its target by over 1 million barrels per day, as an already tight oil market braces for major Russian disruption.
MarketWatch: Dow finishes up over 400 points as stocks extend rally
Stocks ended higher Thursday, extending their weekly gains, a day after the Federal...
Stocks ended higher Thursday, extending their weekly gains, a day after the Federal Reserve increased its policy rates for the first time since 2018 and kicked off a new era of tighter financial conditions to help combat inflation. The Dow Jones Industrial Average DJIA rose about 416 points Thursday, or 1.2%, ending near 34,479. That put the blue-chip index up for its 4th day in a row, despite volatile trading sparked earlier in the week by concerns about potential aftershocks of the pandemic saddling the economy with stagnating growth and persistently high inflation, particularly with commodities shooting higher with the war in Ukraine. The S&P 500 indexSPX rose 1.2% Thursday, with its energy segment up the most at 3.5%, while the Nasdaq Composite Index gained 1.3%. For the week so far, the Dow was up 4.7%; S&P 500 was advancing 4.9%; the Nasdaq by 6%, according to FactSet.
Coronavirus Update From Twitter: Experts fear Europe case rise is harbinger of new U.S. wave
A rise in COVID-19 cases in Europe driven by the highly contagious omicron variant is fueling concerns...
A rise in COVID-19 cases in Europe driven by the highly contagious omicron variant is fueling concerns that it will be followed by a new wave of cases in the U.S., which has typically lagged Europe by a matter of weeks.
