NATGAS prices surged significantly over the last 20 minutes, however, there is no clear evidence for this rapid spike at the moment. Gas prices may be influenced by information about Russia’s cut in gas exports in 2023, as well as unconfirmed reports of a pipeline explosion in the USA.

US PCE price index y/y: 4,2% vs 4,1% exp. and 5,0% previously US PCE price index m/m: 0,1% vs 0,1% exp and 0,3% previously US Core PCE y/y: 4,6% vs 4,58% exp and 4,6% previously US Core PCE m/m: 0,3% vs 0,3% exp and 0,3% previously US Consumer spending data: 0% vs -0,1% exp and 0,2% […]

Oil prices moved little on Friday after logging steep losses this week, and were set to close a fourth consecutive month in negative territory level as fears of slowing economic growth and demand largely offset tightening supply. Markets saw little relief as data showed U.S. economic growth slowed more than expected in the first quarter of 2023, […]

TOKYO (Reuters) – Oil prices were little changed on Friday but are set for their second weekly drop as disappointing economic data from the U.S., the world’s biggest crude user, and uncertainty on further interest rate hikes raised concerns about future fuel demand. Brent crude futures for June were trading at $78.53 a barrel, up 16 […]