Energy Prices

Hedge Funds Bet Against Gas as Stockpiles Surge: Energy Markets

Nov. 7 (Bloomberg) — Hedge funds raised bearish bets on natural gas to the highest level in five weeks as increased output sent stockpiles toward a record. The funds and other large speculators more than doubled wagers on falling prices in the week ended Nov. 1, according to data from the Commodity Futures Trading Commission’s ... Read More

Oil falls back as Europe woes outweigh Fed view

(Reuters) – Crude oil futures fell back on Wednesday as uncertainties about Greece’s bailout loan emerged, deepening the euro zone debt crisis and outweighing a U.S. Federal Reserve view of a somewhat brighter economic outlook. In early trade, hopes that the Fed might signal monetary easing to help boost sluggish economic growth pushed prices up. ... Read More

Crude oil surges on improved outlook

WTI Crude oil has rallied strongly from the early October lows, primarily driven by a surge in near-month contracts on expected supply constraints in the months ahead as the economic outlook improves. Source:

Hedge Funds Bet on Collapse of WTI-Brent Spread: Energy Markets

Oct. 31 (Bloomberg) — Hedge funds increased bullish bets on West Texas Intermediate oil to the highest level since May on expectations the gap between the U.S. benchmark price and Brent, the standard for more than half the world’s crude, will continue to narrow. Money managers boosted net-long wagers in futures and options by 15 ... Read More

Saudi oil production cut looms

NEW YORK (CNNMoney) — Saudi Arabia, one of the world’s largest oil producers, may soon cut oil production. The move, which some analysts believe may have already begun, comes in response to additional supplies coming online from elsewhere. The country, which had ramped up production earlier this year in response to the Libyan crisis, has ... Read More

Oil Contango’s End Sparked by Falling Stockpiles

Oct. 26 (Bloomberg) — Oil futures closest to expiration became more expensive than those for later delivery for the first time in three years after U.S. crude stockpiles shrank to a 12-month low. Supplies in Cushing, Oklahoma, fell on Oct. 21 to the lowest level in a year, according to measurement of tanks using satellite ... Read More

Volatility ‘is here to stay’ in commodity markets

COMMODITY markets are starting to reach short-term support levels but Citi has warned that volatility will continue, transforming the way the market is priced. Heath Jansen, Citi’s European head of metals and mining research, said most commodities reached reasonable support levels over the past two weeks following the volatility of the past months. “Fundamentally, we ... Read More

Emerging-Market Stocks Gain to Five-Week High on Commodity Rally

By Berni Moestafa and Stephen Gunnion Oct. 25 (Bloomberg) — Emerging-market stocks rose, with the benchmark index climbing to a five-week high as rising metal and oil prices boosted commodities producers and investors awaited the results of a European summit tomorrow. The MSCI Emerging Markets Index gained for a third day, adding 1.1 percent to ... Read More

Oil Rises to Two-Month High on Cushing Stockpiles, U.S. Equities

Oct. 24 (Bloomberg) — Crude oil rose to a two-month high as satellite surveys showed inventories fell at a key U.S. delivery point and as U.S. equities rose. The front-month contract settled at a premium to the next month for the first time since 2008. Oil climbed 4.4 percent as images showed oil stockpiles in ... Read More

Why is the oil price still so high?

Four months ago, the world’s energy watchdog took historic action to reduce oil prices. Since then, the financial outlook has considerably worsened and some Libyan oil has returned to the market. But the price has remained above $100 a barrel. Releasing 60m barrels of reserves was meant to dampen the high price of $113 per ... Read More