Friday, February 7, 2025
Oil rebalances on stronger dollar and economic outlook- oil and gas 360

Oil rebalances on stronger dollar and economic outlook

BOE Report Oil prices rebalanced on Friday after an early $1 rally as a stronger dollar and weaker economic outlook weighed while hopes of a Chinese demand boost limited losses. U.S. West Texas Intermediate crude futures rose $1, or 1.35%, at $74.82. Brent crude futures rose $1.15, or 1.46%, to $79.95 a barrel. Both contracts rose by more than $1

US natgas holds at 1-yr low as warm weather causes worst start for year- oil and gas 360

US natgas holds at 1-yr low as warm weather causes worst start for year

Nasdaq U.S. natural gas futures held near a one-year low on Friday on forecasts for warmer-than-normal weather and lower than usual heating demand to continue into late January.   With the contract now down about 17% so far this year, the gas market is on track for its worst start to a year on record, according to Refinitiv data going