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December 8, 2021

U.S. natgas futures rise more than 3% on soaring European prices- oil and gas 360

U.S. natgas futures rise more than 3% on soaring European prices

December 8, 2021

Reuters U.S. natural gas futures rose more than 3% on Wednesday on forecasts for more heating demand this week than previously expected and as the U.S. market followed a 7% jump in European gas prices that should keep U.S. liquefied natural gas (LNG) exports at record highs. Traders said that increase in U.S. prices occurred despite forecasts for milder U.S.

Oil traders take a long-shot bet on a possible U.S. oil export ban- oil and gas 360

Oil traders take a long-shot bet on a possible U.S. oil export ban

December 8, 2021

World Oil (Bloomberg) –Oil traders are scooping up options contracts that would pay out if U.S. crude futures plummet against international benchmark Brent, a signal that some believe the Biden administration could intervene in the market again to bring down oil prices. Some traders have bet on the small chance that West Texas Intermediate’s discount to Brent surges past $10

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