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Oil Falls With OPEC+ Meeting Hovering Over Tightening Market msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Why natural-gas prices underperformed oil prices in February by a long shot MarketWatch 2/27/2021 COMMODITIES CORNER It’s no surprise to see both oil and natural-gas prices finish higher for the month of February as frigid temperatures in the nation’s largest energy-producing state of Texas caused temporary output declines, but natural gas has pulled back significantly and is likely to see further losses in the month ahead. The extreme cold that covered most of the central and eastern U.S. in mid-February was the biggest reason for the rise in natural-gas prices this month, said Christin Redmond, commodity analyst, energy and sustainability services at Schneider Electric. ....
Oil and gas prices continued to climb Tuesday as frigid wintry weather choked off wells and refineries and shut in natural gas production in Texas and Oklahoma and left millions of people without power. ....
Oil on Friday set a fresh one-year high in New York, with continued producer supply curbs helping spur strength everywhere from physical markets to the futures curve. Futures gained 1.1 percent to the highest since late January last year, while Brent crude remained just under US$60 a barrel in London. The number of vessels sailing toward China jumped to a six-month high on Friday, suggesting the world’s largest importer might be piling back into the oil market. Meanwhile, crude stockpiles tied to oil futures in China fell to the lowest since June last year, according to data analytics company OilX, the ....
Oil set a fresh one-year high in New York with continued producer supply curbs helping spur strength everywhere from physical markets to the futures curve. ....