Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Gains 4% As Russia – Ukraine Talks Deliver No Progress.Traders are also worried that U.S. will strike Iran to put more pressure on the country.
Oil Prices Hold Firm as Iran Risk Offsets Bearish EIA Outlook.Oil prices are holding firm near recent highs as geopolitical tensions in the Middle East counterbalance a more cautious demand outlook from the EIA.
WTI crude oil surges on Iran nuclear talk uncertainty and Strait of Hormuz closure.WTI crude oil surges on Iran nuclear talk uncertainty and Strait of Hormuz closure
Reserve Bank of New Zealand Holds the OCR at 2.25%.The RBNZ held the OCR at 2.25% in its first decision under Governor Anna Breman. The Kiwi sold off as the rate forecast disappointed hawkish expectations.
Natural Gas Price Analysis – Natural Gas Continues to Flounder.The natural gas market looks absolutely lost as we continue to see a lack of demand being a major worry at the moment.