Energy pack is mixed, while gas is up oil is down. Weekly performance at a glance in chart & table.
Oil (WTI) -
- WTI reversing gains since yesterday, however bulls and bears are broadly balanced. Today's range $46.7-45.6
- WTI is currently trading at $45.8/barrel. Immediate support lies at $43, 38 area and resistance at $47.5 area.
Oil (Brent) -
- Brent is down in line with WTI today. Today's range - $49.3-50.9.
- Brent-WTI spread trading rose to $2.5/barrel, from $2.4/barrel last night
- Brent is trading at $48.3/barrel. Immediate support lies at $45, $46.5 area and resistance at $50.5, 54 region.
Natural Gas -
- Natural gas is up after EIA report showed lower inventory pile up of 52 billion cubic feet. Today's range $2.24-2.36.
- Natural Gas is currently trading at $2.35/mmbtu. Immediate support lies at $2, $1.85 area & resistance at $2.4.
|
WTI |
-1.42% |
|
Brent |
-2.49% |
|
Natural Gas |
+1.91% |


Bank of America Identifies Top Asia-Pacific Semiconductor Stocks Poised for AI-Driven Growth
Trump's Iran War Speech Sparks Market Anxiety Over Extended Conflict
Citigroup Delays Fed Rate Cut Forecast Amid Strong Jobs Data and Inflation Concerns
Strait of Hormuz Disruption Sparks Global Oil Supply Fears
Gold Loses Shine as Crude Oil Surges: Safe-Haven Metal Retreats Toward USD 4,500 Support
Morgan Stanley: Fed Rate Cuts Still on Track Despite Oil-Driven Inflation
U.S. Strikes on Iran Draw War Crimes Warnings from International Law Scholars
BCA Research Warns U.S.-Iran Ceasefire Could Collapse, Maintains Cautious Equity Outlook 



