-
Since peaking in mid-April, crude oil prices have slumped nearly 10% in the spaces of just a few weeks. The sharp drop reflects in part the removal of war risk premium that was slowly priced in as the tensions in the Middle East intensified with Iran and Israel attacking each other directly. But as tensions have eased and hopes for a ceasefire between ...
-
U.S. natural gas futures held near a 12-week high on Thursday as bearish forecasts for less demand over the next two weeks than previously expected and an ongoing oversupply of gas in storage offset a bullish rise in liquefied natural gas exports and a continued reduction in output. Front-month gas futures for June delivery on the New York Mercantile ...