Wednesday, November 27, 2024
U.S. natgas futures dive more than 5% despite big draw from storage- oil and gas 360

U.S. natgas futures dive more than 5% despite big draw from storage

Reuters U.S. natural gas futures fell by more than 5% on Friday in thin trade, as forecasts for warmer weather had investors worried about heating demand even though government data showed a larger-than-usual weekly storage draw that exceeded estimates. Futures prices also were pressured by profit taking ahead of the expiry of January as the front month contract. “Despite a

Oil hits three-month high on falling oil stocks, investor optimism- oil and gas 360

Oil hits three-month high on falling oil stocks, investor optimism

Reuters HOUSTON – Oil prices rose to the fourth consecutive weekly gain on Friday, steadying at three-month highs after new data showed U.S. crude inventories fell far more than expected, while upbeat economic data and optimism over a U.S.-China trade deal fueled a year-end stock market rally. Brent crude LCOc1 rose 24 cents to settle at $68.16 a barrel, the

Oilfield service firms have a bearish outlook for 2020: Dallas Fed- oil and gas 360

Oilfield service firms have a bearish outlook for 2020: Dallas Fed

Reuters With their business outlook worsening, about half of oil field service firms plan to cut spending in 2020, the Federal Reserve Bank of Dallas said on Friday in its quarterly energy survey. Oil and gas activity and employment dipped in the fourth quarter in the Dallas Fed region, which includes the largest U.S. shale field, the Permian Basin in