View full page at energyexch.com

 

Natural Gas, WTI Oil, Brent Oil – Natural Gas Falls After EIA Report, Oil Rises On Chinese Demand

From fxempire.com

Natural Gas: {chart} Natural gas is moving lower after the release of the EIA Weekly Natural Gas Storage Report. The report indicated that working gas in storage declined by 81 Bcf from the previous week. At current levels, stocks are 342 Bcf above the five-year average for this time of the year. WTI Oil: {chart} WTI oil continues to move higher as traders bet on rising demand from China. Interestingly, rising Treasury yields did not put pressure on the oil markets. Traders are worried about a potential recession in the U.S., but the strong economic rebound in China offsets recession risks. Brent Oil: {chart} Brent ... (full story)

Story Stats

  • Posted:
  • Category: Technical Analysis