Sources: FactSet, Tullett PrebonĬommodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Sources: FactSet, Tullett PrebonĬurrencies: Currency quotes are updated in real-time. Sources: FactSet, Dow Jonesīonds: Bond quotes are updated in real-time. Sources: FactSet, Dow JonesĮTF Movers: Includes ETFs & ETNs with volume of at least 50,000. Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. Overview page represent trading in all U.S. Indexes: Index quotes may be real-time or delayed as per exchange requirements refer to time stamps for information on any delays. Copyright © FactSet Research Systems Inc. Fundamental company data and analyst estimates provided by FactSet. International stock quotes are delayed as per exchange requirements. stock quotes reflect trades reported through Nasdaq only comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. Metals Rise as China Looks to Boost Economic Support WTI Oil Ends $1 Higher As Hurricane Impacts Assessed Natural Gas Prices Decline on Weaker Demand
‘From Black Gold to Frozen Gas’ Review: A Natural Gas Powerhouse Oil Prices Could Reach $90 if Saudis Extend Production Cuts Natural Gas Ends Lower Despite Surplus Reduction Massive Metals Theft Reported at Europe’s Largest Copper Producer Timely Rains Relieve Some Pressure on Corn-Belt Crops Natural Gas Sees First Weekly Gain in Three Weeks Oil Pauses With Saudi Supply Plans Awaited Oil Prices End At A 10-Month High On Saudi CutsĬhevron LNG Workers in Australia Plan Two-Week Strike Oil-Production Cuts Flash Warning on Chinese Economy WTI Oil Prices Rising for Ninth Straight SessionĪnalysts Expect 42 Billion-Cubic-Foot Rise in U.S.
Natural Gas Falls to 2-Week Low As Storm Fears Subside Oil on Course to Halt Multi-Day Winning Streak Natural Gas Ends Higher As Surplus Narrows Again Oil Set for Weekly Rise on Saudi Supply Cuts Natural Gas Prices See 5.8% Weekly Decline on Weak Demandįrance’s Carrefour to Add ‘Shrinkflation’ Label to Products in Latest Food-Price Spat Oil Prices Ease But Cuts Keeps Brent Above $90 a Barrel Natural Gas Finishes Little Changed In Muted Trading Oil Steadies as Traders Await OPEC Report Significantly weaker Chinese demand would also mean that the global oil balance would not be as tight as currently expected over the second half of 2023,” the strategists wrote.News From WSJ Brent Crude Oil Continuous Contract BRN00 “China’s demand outlook is crucial for the global market, given that the bulk of global demand growth this year is expected to be driven by China. “In recent weeks there has been increasing concern over China’s demand outlook, despite Chinese oil demand indicators looking fairly good up until now,” they said, noting that China’s National Petroleum Corporation expects domestic oil demand to grow 3.5% year-over-year in 2023, down from a forecast of 5.1% in March. Oil remains “fairly rangebound,” with cuts by OPEC+ doing little to push prices higher as worries abut the demand outlook continue to put a cap on the market, said Warren Patterson and Ewa Manthey, commodity strategists at ING, in a Wednesday note. However, Powell last week also indicated the Fed has more work to do to bring down inflation, while forecasts by individual policy makers pointed to the need for two more quarter percentage point rises in the fed-funds rate this year. The Fed last week left its policy interest rate unchanged, pausing an aggressive cycle of rate hikes that took the fed-funds rate from near zero to its current range of 5% to 5.25% since March 2022. inflation well above target, more interest rates are likely this year, although he did not shed any new light on the timing of the moves. Powell told a House committee that, with U.S. Oil had struggled for direction in early trade, but then proceeded to rally as Federal Reserve Chair Jerome Powell testified before Congress. “Crude oil is also bid on strong Asian demand for Middle Eastern crudes,” he said. “Crude oil appeared to catch a bid after China’s Vice Premier said the economy was in good shape, rallying Brent above the 50 day moving average for the first time since April 25,” said Robert Yawger, executive director for energy futures at Mizuho, in a note. Disappointment in China’s rebound following the lifting of COVID curbs earlier this year have weighed on crude prices in 2023. “China’s economic development is showing sound momentum in the first half of the year,” he said, according to Xinhua, China’s official state news agency.
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