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Brent-WTI Spread Is Declining: What Does It Mean?
On January 29, 2018, the difference between Brent crude oil (BNO) active futures and WTI crude oil active futures was $3.9—the lowest since August 17, 2017.
Is Natural Gas Pricing in Colder Weather?
On January 23, 2018, natural gas February 2018 futures settled $0.34 above February 2019 futures.
US Oil Exports Could Threaten International Oil Prices
In the week ending January 12, 2018, US crude oil exports were at ~1.25 MMbpd—234,000 barrels per day more than the previous week.
Natural Gas Market Could Be Pricing In a Supply Deficit
On January 16, 2018, the gap between natural gas’s February 2018 futures and February 2019 futures was $0.07, or the futures spread.
US Oil Exports Are Crucial for Oil Prices in 2018
On January 8, 2018, Brent crude oil (BNO) active futures were $6.05 stronger than WTI (West Texas Intermediate) crude oil (USO) (UCO) active futures.
Are Traders Confident about the Oil Supply-Demand Balance?
Between December 29, 2017, and January 8, 2018, the premium and the oil prices rose. The market expects a tightening supply-demand balance for oil in 2018.
Natural Gas: Are Winter Demand Fears Rising?
On January 2, 2018, natural gas (UNG) (BOIL) (FCG) February 2018 futures settled $0.025 less than February 2019 futures.
Should Oil Traders Follow US Oil Exports in 2018?
On December 29, 2017, the price difference between Brent crude oil (BNO) active futures and WTI (West Texas Intermediate) crude oil (USO) (UCO) active futures was $6.45.
Natural Gas: Have Oversupply Concerns Eased?
On December 19, natural gas (UNG)(BOIL)(FCG) January 2018 futures closed $0.31 below its January 2019 futures.
Comparing WTI’s and Brent’s Performance
The Brent-WTI spread On December 18, 2017, Brent crude oil (BNO) active futures’ premium to WTI (West Texas Intermediate) crude oil (USO) (UCO) active futures was $6.30. On December 11, 2017, the Brent-WTI spread was $6.70. On December 11, 2017, the shutdown of the Forties Pipeline System boosted Brent oil prices. That day, the spread expanded […]
Natural Gas: Is the Market Expecting Oversupply?
On December 12, natural gas (UNG) (BOIL) January 2018 futures settled $0.33 lower than January 2019 futures. The “futures spread” was at a discount.
Brent Is Outperforming WTI Crude Oil
On December 11, 2017, Brent crude oil (BNO) active futures settled $6.7 more than WTI (West Texas Intermediate) crude oil (USO) (UCO) active futures.
Are Natural Gas Supply Fears Rising?
On December 6, natural gas (UNG)(BOIL) January 2018 futures traded at a discount of ~$0.24 to January 2019 futures. This price difference between January 2018 futures and January 2019 futures is called the “futures spread.”
Oil Traders Should Watch US Oil Exports
On December 5, 2017, Brent crude oil (BNO) active futures were priced $5.24 higher compared to WTI crude oil (USO) (UCO) active futures.
Are Supply Fears Returning to the Oil Market?
On December 5, 2017, the January 2018 futures contract for US crude oil settled at a premium of $2.5 to January 2019 futures.
WTI Crude Oil Is Rising Faster than Brent
On November 28, 2017, Brent crude oil (BNO) active futures closed at $5.62 higher than US WTI crude oil (USO) (UCO) active futures.
Are Oversupply Concerns Gripping Natural Gas Prices?
On November 22, natural gas (UNG)(BOIL) January 2018 futures closed at a discount of ~$0.2 to January 2019 futures.
Is WTI Crude Oil Outdoing Brent?
On November 21, Brent crude oil (BNO) active futures closed $5.74 above US crude oil (USO)(UCO) active futures. In other words, the Brent-WTI (West Texas Intermediate) spread was $5.74.
Natural Gas Futures Spread: Analyzing Oversupply Concerns
On November 15, 2017, natural gas (UNG) (BOIL) December 2017 futures traded at a discount of ~$0.1 to December 2018 futures.
Are Crude Oil’s Oversupply Concerns Increasing?
In the trailing seven calendar days, the fall in the premium might suggest that oversupply concerns are rising in the oil market.
US Crude Oil Exports: Will They Affect OPEC’s Production Cut Deal?
On November 7, 2017, the difference between Brent crude oil (BNO) active futures and US crude oil (USO) active futures, or the Brent-WTI (West Texas Intermediate) spread, was $6.50.
Futures Spread: Is the Oil Market Tightening?
On November 7, 2017, US crude oil (OIIL) December 2018 futures settled $2.08 below the December 2017 futures.
Understanding the Natural Gas Futures Spread: Are Oversupply Concerns Rising?
On November 1, natural gas December 2018 futures settled $0.22 above December 2017 futures. On October 25, the futures spread was at a premium of $0.11.
US Crude Oil Exports Could Be at a Tipping Point
On October 31, 2017, Brent crude oil (BNO) active futures were ~$7 above US crude oil (UCO) futures.
Is the Oil Market Balancing?
On October 31, 2017, US crude oil (USO) December 2018 futures settled $1.4 below December 2017 futures.
Understanding the Natural Gas Futures Spread—And What It Means for Prices
On October 25, 2017, natural gas December 2018 futures closed $0.11 above the December 2017 futures.
Brent-WTI Spread: Will US Oil Exports Rise Further?
On October 24, 2017, Brent crude oil (BNO) active futures were $5.86 above WTI crude oil active futures.
Futures Spread: Why Oil Is Looking Stronger
On October 24, 2017, US crude oil December 2018 futures closed $0.8 below December 2017 futures.
Reading the Natural Gas Futures Spread: Rising Oversupply Concerns
On October 11, 2017, the futures spread was at a premium of $0.13. Between then and October 18, natural gas November futures fell 1.2%.
Why the Brent-WTI Spread Could Make Global Oil Supplies Rise
On October 17, 2017, Brent crude oil (BNO) active futures closed $6 above the WTI (West Texas Intermediate) crude oil futures.
Futures Spread: Does It Signal End of Oil’s Oversupply Concern?
On October 17, 2017, US crude oil (USO) (OIIL) December 2018 futures traded $0.46 below the December 2017 futures.
Why the Natural Gas Futures Spread Is Concerning Markets
When the futures spread is at a premium, or the premium rises, it could hamper the rise in natural gas prices.
Oil Futures Spread: Oversupply Concerns Still Loom
On October 10, 2017, US crude oil (USO) (DBO) (OIIL) November 2018 futures traded $0.46 higher than November 2017 futures.
Futures Spread: A Look at Natural Gas Supply–Demand Concerns
On October 4, 2017, natural gas (UNG) (GASL) November 2018 futures traded $0.08 above the November 2017 futures.
Brent Underperforming US Crude Oil: Impact on US Oil Exports
In 2017 year-to-date, US crude oil exports averaged ~782,700 barrels per day, based on weekly data from the EIA (Energy Information Administration).
Oil’s Contango: Supply–Demand Fears Could Impact the Market
On October 3, 2017, US crude oil (USL) (OIIL) November 2018 futures settled $0.33 higher than the November 2017 futures.
Are Natural Gas Supplies Overtaking Demand?
Futures spread On September 27, 2017, natural gas (FCG) (GASL) (BOIL) 2018 November futures traded $0.04 lower than November 2017 futures. That is, the futures spread was at a discount of $0.04. On September 20, 2017, the futures spread was at a discount of $0.10. Between September 20 and 27, 2017, natural gas November futures […]
The Kurdish Referendum: Is Brent Outperforming WTI Crude?
On September 26, Brent crude oil active futures were $6.56 more than US crude oil active futures. On September 19, the Brent-WTI spread was at $5.66.
Understanding the Oil Futures’ Forward Curve
On September 26, 2017, US crude oil November 2017 futures traded just $0.14 below the November 2018 futures.
Futures Spread: Is the Natural Gas Market Turning Bullish?
On September 20, 2017, natural gas (FCG) (BOIL) October 2018 futures closed $0.10 below its October 2017 futures.
Inside the Oil Futures Spread: Why Traders May Be Turning Bullish
On September 19, 2017, US crude oil November 2018 futures settled at $0.97 higher than the November 2017 futures.
What the Natural Gas Futures Spread Tells Us about the Current Sentiment
On September 6, 2017, the futures spread was at a discount of $0.06, but on September 8, 2017, the futures spread shifted to a premium.
How Harvey and Irma Affected the Futures Spread amid Supply Glut Worries
On September 12, 2017, US crude oil (DBO) October 2018 futures settled at $2.09 above its October 2017 futures.
Have Oil Supply Glut Concerns Relaxed since Harvey?
On September 5, US crude oil October 2018 futures traded at a premium of $1.94 to October 2017 futures. On August 29, the premium was at $2.37.
Natural Gas: Analyzing the Futures Spread
On August 30, 2017, natural gas October 2018 futures traded at a discount of ~$0.03 to October 2017 futures.
Oil’s Futures Spread: Have Supply Glut Concerns Increased?
On August 29, 2017, US crude oil (USL) October 2018 futures traded at a premium of $2.37 to October 2017 futures.
Natural Gas Futures Spread: Analyzing Supply-Glut Concerns
On August 23, 2017, natural gas September 2018 futures traded at a discount of $0.03 to September 2017 futures.
Understanding the Futures Spread: Is Oil Supply Outpacing Demand?
On August 22, US crude oil October 2018 futures closed $1.04 higher than October 2017 futures. On August 15, the futures spread was at a premium of $0.76.
Short Sellers and Occidental Petroleum Stock
As of July 31, 2017, Occidental’s (OXY) total shares shorted (or short interest) stood at ~10.15 million, while its average daily volume was ~4.83 million.
Analyzing Short Interest in California Resources Stock
As of July 31, 2017, California Resources’ (CRC) total shares shorted (or short interest) stood at ~16.3 million.
Futures Spread: Has Natural Gas’s Oversupply Concern Eased?
On August 16, 2017, natural gas (FCG) September 2018 futures traded at a discount of $0.02 to September 2017 futures.
What the Brent–WTI Spread Indicates
On August 15, Brent crude oil active futures were trading $3.25 more than the WTI crude oil active futures. On August 8, the spread stood at $2.97.
Denbury Resources: Post-Earnings Wall Street Ratings
On August 9, 2017, ~63.6% of the 11 analysts covering Denbury Resources (DNR) gave “hold” recommendations on its stock.
Natural Gas Futures Spread: What Investors Should Know
On August 9, 2017, natural gas September 2018 futures traded $0.005 below September 2017 futures.
What Investors Can Dig from the Oil Futures Spread
On August 8, 2017, US crude oil September 2018 futures settled $0.80 above the September 2017 futures. On August 1, 2017, the premium was at $0.73.
Devon Energy: Analysts’ Ratings after Its 2Q17 Earnings
As of August 2, eight analysts rated Devon Energy as a “strong buy,” 14 analysts rated it as a “buy,” and 12 analysts rated it as a “hold.”
What Futures Hold: Good News for Oil Bulls?
Futures spread On August 1, 2017, US crude oil (USO) (DBO) (USL) September 2018 futures settled at $0.73 above September 2017 futures. On July 25, 2017, the premium was $1.30. US crude oil futures rose 2.7% between July 25 and August 1, 2017. Contango In “contango,” the curve of futures contract prices plotted according to […]
Occidental Petroleum: Pre-Earnings Wall Street Ratings
Recommendations As of July 24, 2017, most of the 23 analysts (60.9%) covering Occidental Petroleum (OXY) had “hold” recommendations. Four analysts recommended “strong buy,” three analysts recommended “buy,” 14 analysts recommended “hold,” one analyst recommended “sell,” and one analyst recommended “strong sell.” Target price Analysts have given a median target price of $65.50, which is ~10% higher […]
Devon Energy’s Stock Range until Its 2Q17 Earnings Release
As of July 25, 2017, Devon Energy (DVN) had an implied volatility of ~33.6%, which is lower than its implied volatility of ~33.9% on May 18, 2017.
Why Oil Rigs Could Hinder Natural Gas’s Recent Gains
In the week ended July 14, 2017, the natural gas rig count fell by two. However, in the trailing year, the natural gas rig count has more than doubled.
What’s Analysts’ Current Read on ConocoPhillips?
On July 10, 2017, ~71% of the 24 analysts covering ConocoPhillips (COP) had “strong buy” or “buy” ratings on its stock.
Why the Natural Gas Inventory Spread Supports Its Recent Recovery
In the week ended June 16, 2017, natural gas inventories rose 61 Bcf (billion cubic feet) to 2,770 Bcf based on EIA data released on June 22, 2017.
Natural Gas Inventories Spread: Savior for Natural Gas Bulls?
The EIA reported that natural gas inventories rose by 78 Bcf (billion cubic feet) to 2,709 Bcf in the week ending June 9, 2017.
What’s in the Natural Gas Inventory Spread—Bears?
In the week ended June 2, 2017, natural gas inventories rose by 106 Bcf.
Chart in Focus: The Natural Gas Inventory Spread
Between January 27–June 7, 2017, natural gas active futures fell 10.9%. Natural gas inventories moved above their five-year average in the week ended January 27, 2017.
Is Natural Gas Reacting to the US Dollar?
Between March 3, 2016–June 7, 2017, natural gas active futures rose 84.1% while the US dollar fell 0.8%.
Is Crude Oil Ignoring the Falling Dollar?
Between May 30 and June 6, 2017, the US dollar (UUP) (USDU) (UDN) fell 0.7%, and crude oil (USO) (OIIL) July futures fell 3%.
Is the US Dollar a Factor in Natural Gas’s Current Downturn?
The US dollar (UUP) (UDN) (USDU) fell 0.3% between May 24 and May 31, 2017.
Why the Inventory Spread Could Make Natural Gas Bulls Happy
On a week-over-week basis, natural gas inventories rose by 75 Bcf (billion cubic feet) and were at 2,444 Bcf for the week ended May 19, 2017.
Is the US Dollar Impacting Oil’s Downturn?
In the trailing week, the US dollar fell 0.1%. Despite a fall in the US dollar, crude oil July futures fell 3.5% between May 23 and May 30, 2017.
Recent Fall in the US Dollar: Crucial for Natural Gas?
Natural gas (GASX) (FCG) (GASL) July futures rose 0.5% on May 17–May 24, 2017. During this period, the US dollar (UUP) (UDN) (USDU) fell 0.3%.
Natural Gas Inventory Spread Is Falling: Will Gas Prices Soar?
According to EIA data announced on May 18, there was an addition of 68 Bcf to natural gas (GASX) (FCG) (GASL) inventories for the week ending May 12, 2017.
How the Dollar Is Affecting Oil
US crude oil (DBO) (USL) (OIIL) July futures rose 5% between May 16 and May 23, 2017.
How the Dollar Could Impact Oil’s Recovery
US crude oil (DBO) (USL) (OIIL) futures contracts for June 2017 delivery rose 3.7% between May 10 and May 17, 2017.
Natural Gas Prices Are Impacted by the US Dollar
Between May 3 and May 10, 2017, natural gas (GASX) (FCG) (GASL) June futures rose 2%. The US dollar (UUP) (UDN) (USDU) rose 0.5% during that period.
Is the Natural Gas Inventory Spread Optimistic?
According to data from the EIA on May 4, natural gas (GASX) (FCG) (GASL) inventories rose by 67 Bcf (billion cubic feet) during the week ending April 28.
Oil Bulls, Don’t Worry About the Rising US Dollar
US crude oil futures contracts for June 2017 delivery fell 3.7% between May 2, and May 9, 2017, while the US Dollar Index rose 0.7%.
How Much the US Dollar Is Impacting Natural Gas Now
Between April 26 and May 3, 2017, natural gas June futures fell 1.3%. The US dollar rose 0.2% during that period.
The Natural Gas Inventory Spread: Another Bearish Indicator?
According to data from the EIA released on April 27, 2017, natural gas inventories rose 74 Bcf (billion cubic feet) during the week ended April 21, 2017.
Did the US Dollar Impact Oil Prices Last Week?
US crude oil (DBO) (USL) (OIIL) futures contracts for June 2017 delivery fell 3.8% between April 25, 2017, and May 2, 2017.
Natural Gas: Is the US Dollar Crucial to Its Rise?
Between April 19 and April 26, 2017, natural gas (GASX) (FCG) (GASL) June futures fell 0.2%. The US dollar (UUP) (UDN) (USDU) fell 0.7% during that period.
Natural Gas Inventories Spread: What Investors Should Know
According to data from the EIA released on April 20, 2017, natural gas (GASX) (FCG) (GASL) inventories rose by 54 Bcf during the week ending April 14, 2017.
How the US Dollar Could Be Crucial to Oil Investors
US crude oil futures contracts for June delivery fell 6.2% between April 18, 2017, and April 25, 2017. Meanwhile, the US Dollar Index fell 0.7%.
Inventories Spread: Will Natural Gas Prices Fall Again?
Natural gas (GASX) (FCG) (GASL) inventories rose by ten Bcf (billion cubic feet) during the week ending April 7, 2017.
Is the US Dollar’s Fall Helping Oil?
US crude oil futures contracts for June delivery fell 1.7% between April 11, 2017, and April 18, 2017. The US Dollar Index fell 1.2% during that period.
Will the US Dollar’s Movement Affect Natural Gas?
Between April 5 and April 12, 2017, natural gas (GASX) (FCG) (GASL) May futures fell 2.4%.
US Dollar: Will It Impact Oil’s Upside?
US crude oil (DBO) (USL) (OIIL) futures contracts for May delivery rose 4.6% between April 4, 2017, and April 11, 2017.
How the US Dollar Is Affecting Natural Gas Prices
Between March 29 and April 5, 2017, natural gas (GASX) (FCG) (GASL) May futures rose 1.1%.
Can the US Dollar Limit Oil’s Upside?
US crude oil futures contracts for May delivery rose 5.5% between March 28, 2017, and April 4, 2017. The US Dollar Index rose 0.9% during that period.
Inventories Spread: What Investors Can Expect
According to data from the EIA released on March 23, 2017, natural gas (UNG) (FCG) (GASL) inventories fell by 150 Bcf during the week ending March 17, 2017.
Natural Gas Inventories and Why They’re Bearish for Prices
According to data from the EIA released on March 16, 2017, natural gas inventories fell by 53 Bcf during the week ending March 10, 2017.
How Oil Prices Might React to More Rate Hikes
US crude oil (DBO) (USL) (OIIL) futures contracts for May delivery fell 0.2% between March 14, 2017, and March 21, 2017.
Inventories: Will Bullish Natural Gas Traders Rethink Their Bets?
According to data from the EIA released on March 9, 2017, natural gas (UNG) (FCG) (DGAZ) inventories fell by 68 Bcf during the week ending March 3, 2017.
Why Natural Gas Traders Need Not Worry about a Rate Hike
Between March 1 and March 8, 2017, natural gas (GASX)(UGAZ) (DGAZ) April futures rose 3.6%.
Are Natural Gas Prices Taking Cues from the US Dollar?
From February 22, 2017, to March 1, 2017, natural gas (UGAZ) (DGAZ) April futures rose 3.6%. The US dollar (UUP) (UDN) (USDU) rose 0.6% during that period.
Oil Traders: Is the US Dollar Important?
US crude oil futures contracts for April delivery fell 0.6% between February 21 and February 28, 2017. The US Dollar Index fell 0.2% during that period.
Is the US Dollar Impacting Natural Gas Prices?
From February 15, 2017, to February 22, 2017, natural gas April futures fell 11.1%. The US dollar (UUP) (UDN) (USDU) didn’t change during that period.
Do Oil Traders Need to Worry about the US Dollar?
US crude oil futures contracts for April delivery rose 1.6% between February 14 and February 21, 2017. The US Dollar Index didn’t change during that period.
Analyzing the US Dollar’s Impact on Natural Gas Prices
From February 8, 2017, to February 15, 2017, natural gas March futures fell 6.4%. The US dollar (UUP) (UDN) (USDU) rose 0.9% during that period.
Is the US Dollar Influencing Crude Oil Prices?
US crude oil futures contracts for March delivery rose 2% between February 7, 2017, and February 14, 2017. The US dollar rose ~1% during that period.
