![]() ![]() ![]() ![]() Gas flows to Freeport spiked on Monday to 0.5 billion cubic feet per day, the highest level since the facility first shut down due to a fire in June 2022, signaling the plant has started liquefying gas,” she said. Short-term mild weather outlooks overshadowed signs of a possible restart of the Freeport LNG export plant, said Victoria Dircksen, commodity analyst at Schneider Electric, in a daily note. Meanwhile, prices for natural gas saw their first decline in three sessions. “The fear here is that things can get out of control and tensions could flare up between the two major superpowers, which could adversely influence sentiment among traders,” said Aslam. There were concerns among traders that this unidentified object could be a Chinese spy balloon, he said. military recently shot down a fourth unidentified object. Geopolitical tensions are also a focus among traders, said Naeem Aslam, chief market analyst at AvaTrade, after the U.S. “Either way, there remains slack in the physical crude system, for now.” European and Chinese shares fall as oil spurs inflation worries Brent crude slips after hitting 90 a barrel on Saudi and Russia voluntary supply cuts. “This means that either, China’s post COVID ramp has not been meaningful enough to tighten the physical market (yet), or demand elsewhere remains uninspiring,” Tran said. While there were signs of a pickup in WAF loadings for February last week, major North Sea streams remain soft, leaving the overall picture mixed. North Sea and West African, or WAF, Atlantic Basin crudes are the marginal barrels in the market, said Michael Tran, commodity and digital intelligence strategist at RBC Capital Markets, in a note. The physical market for crude remains soft, analysts said. fuel prices continue to feel the effects of Russia’s invasion of Ukraine WTI and Brent are both down for the year and over the last 12 months. Both grades of crude tallied weekly gains of more than 8% after Russia said it would cut production by 500,000 barrels a day in March. On Friday, oil prices declined after Brent and WTI climbed by more than 2%. “As a potential large offensive looks imminent in Ukraine, we are not surprised to see oil start to gain some strength.” government has told its citizens to leave Russia immediately. stock market in 2022: What investors need to know about Tuesday’s reading The Fed has maintained that rates are unlikely to fall in 2023. ![]() Treasury yields rebounded last week as investors moved expectations for rates closer to the Fed’s forecasts for a peak rate above 5% and scaled back expectations for a rate cut by year-end. Core CPI, which excludes volatile food and energy prices, is expected to rise 0.3% in January, with the year-over-year rate at 5.4% versus 5.7% in December. Year-over-year CPI peaked at a roughly 40-year high of 9.1% last summer. will see a hard or soft landing for the economy.Įconomists polled by The Wall Street Journal forecast a 0.4% increase in the January CPI, which would slow the year-over-year rate to 6.2% from 6.5% in December. consumer-price index for clues to the Federal Reserve’s interest-rate path and whether the U.S. There has been “light trading across all markets waiting on the CPI data” due out Tuesday, Tariq Zahir, managing member at Tyche Capital Advisors, told MarketWatch. Lost 4.3% to $2.405 per million British thermal units. 27.Ĭlimbed by 1.1% to $2.5311 a gallon, while March heating oil The global benchmark, added 22 cents, or nearly 0.3%, at $86.61 a barrel on ICE Futures Europe, the highest finish since Jan. Prices logged the highest finish for a front-month contract since Jan. Rose 42 cents, or 0.5%, to settle at $80.14 a barrel on the New York Mercantile Exchange. ‘I’m moving from L.A.West Texas Intermediate crude for March delivery Semtech announces Mark Lin as incoming CFO Want to retire, but need to keep working? Sometimes you can’t do either. ‘We’re dreaming of a new life’: My wife and I have $2.5 million saved. Is it a bad idea to get married?Īppeals court scales back order squelching Biden administration contact with social media platforms ‘I’m conflicted’: My fiancé earns less than me, and racks up credit-card debt. ‘She needs the money for care’: My 103-year-old grandmother’s adviser bought 5 bank stocks. ‘The dream of homeownership is alive,’ says BofA’s head of retail lending. Should I follow the 4% rule if I don’t want to leave an inheritance? I’m retiring at 65 with $2 million, an $850,000 home and $3,500 a month in Social Security. ![]()
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