Brent crude crosses $100 today and WTI futures above $92.  These are the highest trading levels in Brent in over two years.  Fears over further MENA instability obviously serving as the catalyst this week….we’ll see how long this continues.
 
In a related note, many hedge funds were blindsided by this move as last week there was [...]

Last Thursday’s EIA US natural gas storage report showed that stockpiles were 1.5% lower than the previous year, but still 6.5% above the 5 year average. While supplies are still healthy, this week’s pattern in the US should still provide some support to spot futures, with another week of strong heating demand across the primary [...]

After natgas touched the $4.50 range, it has retreated to the $4 mark (see Finviz natural gas chart below); notable as we are at the official start of winter.  While there has been recent cold weather in the central and eastern US, a supply glut has kept this period of higher demand from causing a [...]

 Demand centers in the northeastern US could provide some support to spot natural gas futures next week.  While daytime temperatures will still be pretty mild for much of the northeast, evening demand will start to creep in and lower than expected build numbers may help to limit downside risk in early Nov.

(blue is cooler than [...]

Here’s a link to our article for Exploration & Production Magazine: