5/22/2012 7:49 AM
US natural gas prices held last Friday's gains through most of the day, only to dip swiftly lower in the early afternoon yesterday. Prompt month prices gave back all of Friday's gain, dropping 13 cents (5%) to close at $2.61 US/MMBtu. 5/22/2012 7:48 AM
Oil prices reversed their long falling streak yesterday, with July Brent adding $1.67 to $108.81/bbl and the June WTI contract settling $1.09 to $92.57/bbl. Physical differentials continued to strengthen, highlighting the improvement in supply-demand dynamics that some analysts have been highlighting for some time now. 5/22/2012 7:23 AM
The last few days have seen CAD continuing a weakening trend, mostly on the back of the usual European debt concerns. Despite strong Canadian April CPI released on Friday, the market remained in a risk off mood, unwinding long CAD positions versus the other majors and prompting an attempt to break 1.0250 during Monday's holiday trading session . 5/21/2012 7:26 AM
After finishing last week on a down note, Oil has opened the week trading slightly positive with almost some relief that the Greece situation didn't worsen over the weekend and that the G8 meetings didn't produce any more chat about any type of Inventory release from the SPR. 5/21/2012 7:26 AM
After what can only be described as a surprising .14 US/MMBTU run up on Friday, the prompt month Nymex has given up .07 of it's gains this morning. The strength late in the Friday session was purely focused on the Front 4-5 months of the curve signalling that technical trading had helped fuel a weather driven rally. 5/18/2012 9:59 AM
After a weak close yesterday, Nymex Natural Gas has held the 2.60 US/MMBTU level on a positive finish to the week. Yesterday's injection of 61 bcf was above the markets expectaions, yet well below the 5 year average for the week of 91 BCF. 5/18/2012 9:58 AM
As the world continues to watch the Greek story unfold, Oil has lost some more ground going into the weekend. With the prompt month contract breaking below 92.00 US/Bbl, technicians may take over and try to take it below $90 early next week. 5/18/2012 8:22 AM
Yesterday The CAD continued its recent weakening trend, with the removal of a 1.0150 option barrier and talk of 4 Spanish banks being downgraded helping keep momentum to the topside. 5/17/2012 8:23 AM
US natural gas prices continued to rally across the curve yesterday ahead of the EIA storage report that was expected to show another injection that will reduce the storage overhang. The prompt contract has rallied decidedly above $2.50 US/MMBtu and ended the day at $2.62 US/MMBtu, up by 12 cents. 5/17/2012 8:22 AM
Risk sentiment remained fragile as oil prices remained under pressure, despite another tranche of positive economic news. Having started the day on a weak note, oil prices regained most of their losses, spurred on by positive macro data from the US, in particular. 5/17/2012 7:23 AM
Since the close above of the 1.0060 level on Tuesday (the 200 day moving average), model and momentum funds continue to pile in and sell CAD, and so despite lots of USD sell orders above 1.0100, the CAD continued to weaken yesterday, closing at 1.0127. 5/16/2012 9:19 AM
Yesterday the CAD outperformed most of the other majors. Despite widespread market angst over Greece going back to the election polls next month and the drubbing that it is creating for most risky assets, CAD found support at the 200 day moving average near 1.0060. 5/16/2012 9:18 AM
US natural gas prices rallied for another day after a pullback on Monday. The prompt contract added seven cents, to $2.50 US/MMBtu exactly. The balance of calendar 2012 gained six cents, to $2.76 US/MMBtu, while the calendar 2013 edged higher by four cents, to $3.62 US/MMBtu. 5/16/2012 9:12 AM
Oil prices continue to see weakness, although bouncing off the bottom of the recent range boundary, with June Brent settling $0.67 US higher $112.24/bbl. The prompt WTI contract was off $0.80 US, and closed at $93.98 US/bbl.
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