Heating oil rose on colder temperatures in the US

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Energy futures moved higher as escalated tensions in the Middle East created a supply risk premium for the commodity complex. An International Atomic Energy Agency reported that Iran has installed centrifuges to enrich uranium. Meanwhile, a fire in one of the US oil platforms coupled with clashes between Israeli and Hamas lifted energy prices as well.

Crude oil surged on supply-side support. Moreover, a smaller-than-expected increase in the US crude oil storage last week added to gains.

Brent oil jumped on worries over potential supply disruptions from the Middle East. However, an unexpected decline in the US industrial production capped the upswing.

Natural gas soared on colder-than-normal weather forecasts across the major parts of the US.

Heating oil followed crude and Brent oil trend, climbing 0.45%. A start of the US heating season was also supportive for the commodity.


Actual Topics

Subscribe to "Fundamental Analysis" feed

订阅
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台,SWFX和其它相关交易详情,
请致电我们或要求回电。
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台,SWFX和其它相关交易详情,
请致电我们或要求回电。
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.