Florida Drivers Could Face Another Round Of Rising Gas Prices

Florida gas prices are slightly higher than a week ago. The state average of $3.18 per gallon is a half-cent more than this time last week. Although gas prices held relatively steady last week, another increase could be on the way. Crude and gasoline futures prices rose again last week, setting new 2021 highs. The price of U.S. crude increased 4% last week.
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Natural Gas Futures Called Lower After Weekend Weather Model Volatility

As traders weighed a bearish weather outlook domestically against new developments on the overseas supply crunch, natural gas futures fell sharply in early trading Monday. The November Nymex contract was down 24.0 cents to $5.170/MMBtu at around 8:45 a.m. ET. The major weather models experienced some volatility over the weekend,...
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Florida gas prices hover around $3.18 per gallon

AAA says it probably will get worse, due to international markets. The average price of a gallon of gasoline, which shot upward in the first full week in October, remained at recent high-mark levels Monday, around $3.18. That’s according to AAA — The Auto Club Group, which reported the price...
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Hedge Funds Take Profits on Bullish Oil Plays

Fund managers realized some profits from bullish long positions last week as oil prices climbed to their highest in three years, becoming net sellers of petroleum contracts for the first time since August. Hedge funds and other money managers sold the equivalent of 16 million barrels in the six most...

Gold price near steady; bulls need a fresh spark

(Kitco News) - Gold prices are not far from unchanged in early U.S. trading Monday. Bulls are wobbly again and need some new fundamental information to jumpstart a rally. December gold futures were last up $0.60 at $1,768.30. December Comex silver was last up $0.031 at $23.38 an ounce. Global...

Trading Desk Notes: Commodities Making Headlines - Should Bulls Be Worried?

Surging energy prices were driving the principle commodity indices to new seven-year highs. The energy-heavy Goldman Sachs index has risen for eight consecutive weeks—up 18% from the mid-August Key Turn Date—up ~170% from the 17-year lows in April 2020. European Natgas prices quadrupled from the mid-August lows on fears of...

Like Autumn Leaves, Weekly Spot Natural Gas Prices Fall on Mild Weather

Though power burns have been persistently strong throughout the summer and into the fall, rising wind generation this week stole some market share from natural gas. Spot gas prices tumbled from last week’s levels as weather proved pretty close to perfect across much of the country during the Oct. 11-15 period. NGI’s Weekly Spot Gas National Avg. plummeted 34.5 cents to $5.235.

Crude oil rally continues as Brent rises to near three-year high

Oil prices continued to rally Oct. 18 amid the short-term crude undersupply, with Brent now rising for six consecutive weeks. Receive daily email alerts, subscriber notes & personalize your experience. ICE December Brent crude futures rose 94 cents/b from the previous settlement at $85.90/b as of 1101 GMT Oct. 18...

Crude oil futures hit fresh multi-year highs amid tightening supply outlook

Crude oil futures continued their upward climb during mid-morning trade in Asia Oct. 18, hitting fresh multi-year highs as the supply and demand outlook remained supportive for prices and investors weighed the possibility of a return of Iranian oil. Not registered?. Receive daily email alerts, subscriber notes & personalize your...

Oil Futures Advance as Global Oil-Demand Balance Tightens

CRANBURY, N.J. (DTN) -- Oil futures nearest delivery on the New York Mercantile Exchange and the Brent crude contract on the Intercontinental Exchange rallied in early trade Monday, reaching fresh multiyear highs amid energy shortages in Europe and Asia, while in the United States, consumer spending remained strong in September despite growing inflation concerns.

Is energy crisis in Europe a cautionary tale for U.S.?

Continued shortages of natural gas and coal are boosting demand for crude to fuel power generation, depleting crude stockpiles. That, in turn, is pushing crude prices to seven-year highs. West Texas Intermediate on the New York Mercantile Exchange spent the week above the $80 level for the first time since...

Axios Capital

An energy crisis around the world is hitting households and manufacturers that were already struggling to recover from the global pandemic. Why it matters: This is something of a perfect storm of crises. It features supply shortages, especially from China; inflation; slowing growth; labor shortages; Russia’s continued geopolitical muscle-flexing; and, of course, the fear that the world will burn to a crisp.

Front Month Nymex Crude Rose 3.69% This Week to Settle at $82.28 -- Data Talk

Front Month Nymex Crude for Nov. delivery gained $2.93 per barrel, or 3.69% to $82.28 this week. --Largest eight week gain since the week ending June 19, 2020. --Largest eight week percentage gain since the week ending Dec. 24, 2020. --Longest winning streak since the week ending Aug. 20, 2004,...

CFTC Commitments of Traders – Energy Prices Remain Strong as Power Shortage Persists

According to the CFTC Commitments of Traders report for the week ended October 12, NET LENGTH of crude oil futures rose +6 469 contracts to 404 776. Speculative longs jumped +15 440 contracts while shorts increased +8 971 contracts. For refined oil products, NET LENGTH for heating oil added +1 589 contracts to 39 137, while that for gasoline fell -3 859 contracts to 47 193. NET SHORT of natural gas futures climbed +2 806 contracts to 130 902 during the week.

Energy Sector Rally Continues

Rigzone's regular market watchers examine the energy sector rally, demand forecasts, the U.S. rig count and more. (The views and opinions expressed in this article are those of the attributed sources and do not necessarily reflect the position of Rigzone or the author.) In this week’s edition of oil and...

Oil Inventories Surge as Refinery Utilization Plummets

The Energy Information Administration (EIA) released its weekly report today on the status of petroleum inventories in the United States. Here are some highlights:. Crude oil inventories increased by 6.5 million barrels (MMbbl) to a total of 427.0 MMbbl. At 427.0 MMbbl, inventories are 62.1 MMbbl below last year (12.7%) and are about 6% below the five-year average for this time of year. Inventories in Cushing, OK, the NYMEX delivery point, fell 1.9 million barrels to a total of 33.6 million barrels.