The Latest Breaking News from EIA

Nat-Gas Prices Rally on Smaller-Than-Expected EIA Weekly Inventory Build

September Nymex natural gas (NGU23 ) on Thursday closed +0.088 (+3.55%). Nat-gas prices Thursday closed sharply higher after weekly EIA nat-gas inventories rose +14 bcf, less than expectations of +18 bcf. A mixed U.S. weather outlook limited the upside in gas prices. The Commodity Weather Group said above-normal temperatures would...

Barchart · Aug 3, 2023

Crude Prices Retreat on Risk-Off Sentiment

September WTI crude oil (CLU23 ) on Wednesday closed down -1.88 (-2.31%), and Sep RBOB gasoline (RBU23 ) closed down -9.72 (-3.38%). Crude oil and gasoline prices Wednesday closed sharply lower. Crude prices fell back from a 3-1/2 month high and retreated after a plunge in stocks sparked risk-off sentiment...

Barchart · Aug 2, 2023

Nat-Gas Prices Weighed Down by Forecasts for Cooler U.S. Weather

September Nymex natural gas (NGU23 ) on Wednesday closed -0.083 (-3.24%). Nat-gas prices Wednesday extended Tuesday's losses to a 6-week low and settled moderately lower. Gas prices are under pressure on the outlook for cooler weather in the Midwest and East Coast, which would reduce nat-gas demand from electricity providers...

Barchart · Aug 2, 2023

Crude Settles Lower on a Smaller-Than-Expected Draw in Weekly EIA Supplies

September WTI crude oil (CLU23 ) on Wednesday closed down -0.85 (-1.07%), and Sep RBOB gasoline (RBU23 ) closed up +4.39 (+1.57%). Crude oil and gasoline prices on Wednesday settled mixed. Crude prices are modestly lower after weekly EIA crude inventories fell less than expected. Also, the Fed's action Wednesday...

Barchart · Jul 26, 2023

Nat-Gas Prices Fall Back on the Outlook for Cooler U.S. Temps

Aug Nymex natural gas (NGQ23 ) on Wednesday closed -0.065 (-2.38%). Nat-gas prices Wednesday fell moderately on the outlook for cooler temperatures to move into the U.S., curbing nat-gas demand from electricity providers to power air-conditioning. Forecaster Atmospheric G2 said cooler temperatures are expected to move into the Northeast beginning...

Barchart · Jul 26, 2023

Crude Under Pressure on a Smaller-Than-Expected Draw in EIA Inventories

September WTI crude oil (CLU23 ) this morning is down -0.23 (-0.29%), and Sep RBOB gasoline (RBU23 ) is up +5.32 (+1.89%). Crude oil and gasoline prices this morning are mixed. Crude prices are modestly lower after weekly EIA crude inventories fell less than expected. Also, the Fed's expected 25...

Barchart · Jul 26, 2023

Crude Moves Higher on Improved Prospects for Additional China Stimulus

September WTI crude oil (CLU23 ) on Tuesday closed up +0.89 (+1.13%), and Sep RBOB gasoline (RBU23 ) closed down -4.28 (-1.51%). Crude oil and gasoline prices Tuesday settled mixed, with crude posting a 3-month nearest-futures high. Crude found support Tuesday on optimism of stronger Chinese energy demand after China...

Barchart · Jul 25, 2023

Nat-Gas Surges on Smaller EIA Inventories and Record Heat in the Western U.S.

Aug Nymex natural gas (NGQ23 ) on Thursday closed +0.154 (+5.92%). Nat-gas prices Thursday rallied to a 2-week high and closed sharply higher. A smaller-than-expected increase in weekly nat-gas stockpiles sparked a rally in nat-gas futures Thursday after EIA nat-gas inventories rose +41 bcf, below expectations of +45 bcf. Also,...

Barchart · Jul 20, 2023

Crude Gives Up Early Gains on Dollar Strength

August WTI crude oil (CLQ23 ) on Wednesday closed down -0.40 (-0.53%), and Aug RBOB gasoline (RBQ23 ) closed up +2.61 (+0.97%). Crude oil and gasoline prices Wednesday settled mixed, with gasoline climbing to a 3-month nearest-futures high. Crude prices Wednesday gave up an early advance and turned lower on...

Barchart · Jul 19, 2023

Nat-Gas Prices Fall Back on Forecasts for Cooler U.S. Temps

Aug Nymex natural gas (NGQ23 ) on Wednesday closed -0.026 (-0.99%). Nat-gas prices Wednesday posted moderate losses on the outlook for cooler U.S. temperatures, which will reduce nat-gas demand from electricity providers to power increased air-conditioning usage. Forecaster Maxar Technologies said cooler temperatures are expected in the Northeast next week,...

Barchart · Jul 19, 2023