Energy news

Gold bulls are working a trend and Oil prices have put in a strong bounce from the psychological level at 75.

Spot natural gas prices (CFDS ON NATURAL GAS) settled on an increase in early trading on Tuesday, achieving slight daily gains until the moment of writing this report, by 0.12%.

The Crude Oil market had broken through a major support level, but then turned around later in the day to form a bit of a hammer.

Crude oil slipped lower on concerns around continual lockdowns across China but got a boost from conjecture that OPEC+ are thinking of cutting production further. Will WTI rebound?

Spot natural gas prices (CFDS ON NATURAL GAS) declined in early trading on Monday, to record new daily losses until the moment of writing this report, by -0.83%.

The Crude Oil market has rallied a bit on Friday but found enough resistance near the $80 level to turn things around and show signs of exhaustion.

Anti-Lockdown Protest Hit Beijing and Shanghai; Stocks, Crude Oil, Australian Dollar Weak on China, US Dollar Rises as Haven.

Brent crude oil extends its move downward after market sentiment soured on the back of a worsening COVID situation in China while focus shifts to OPEC+ and US data.

Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of November 27th, 2022 here.

Germany's upper house of parliament approved measures aimed at helping people hit hard by high energy prices and the high cost of living. The country's nuclear power extension will also take effect immediately.

Comments from the Saudi Energy Minister supporting supply cuts and increasing Chinese lockdowns results in choppy price action around a key long-term support level

The WTI Crude Oil market has done very little during thin Thanksgiving trading on Thursday.

The West Texas Intermediate Crude Oil market fell again during the trading session on Wednesday, reaching toward the bottom of the hammer that formed on Monday.

ICE Brent crude oil hurt be the potential for a higher price cap for Russian oil.

Spot natural gas prices (CFDS ON NATURAL GAS) continued to rise in early trading on Wednesday, to achieve new daily gains until the moment of writing this report, by 2.29%.

During the trading session on Tuesday, we have seen a little bit of a bump higher in the WTI Crude Oil market, after forming a nice hammer during the trading session on Monday.

Stacked economic calendar for brent crude oil could dictate short-term directional bias ahead of U.S. holidays.