Considering advanced readings from CME Group for natural gas futures markets, open interest went up by around 5.1K contracts after two consecutive daily pullbacks on Wednesday. In the same line, volume rose by around 18K contracts, reversing two consecutive daily builds. Natural Gas: Immediate support comes at $2.60 Wednesday’s downtick in prices of natural gas was on […]

Western Texas Intermediate (WTI), the US crude oil benchmark, is trading around $89.45 so far on Wednesday. WTI prices lose momentum after hitting the highest level since November 2022 of $93.75. WTI prices face some selling pressure due to profit-taking by traders ahead of the Federal Reserve (Fed) interest rate decision. The Fed is widely expected […]

Open interest in crude oil futures markets shrank for the second straight session on Thursday, this time by almost 5K contracts according to preliminary readings from CME Group. On the other hand, volume resumed the uptrend and rose by nearly 32K contracts, reversing the previous daily decline. WTI: Next up-barrier sits near $93.70 The sharp uptrend […]

Natural Gas prices are increasing again after fresh news from the Australian Wheatstone LNG production site from Chevron. Adding to the lingering union strikes, another 25% production cut at the facility has been announced due to a workers’ fault. It appears it will take a few days for the production cut to be resolved. In the lingering […]