Oil ticks higher natural gas heads for steep weekly loss Article_Normal - Article_Normal HEAD TOPICS

Oil ticks higher natural gas heads for steep weekly loss

10/21/2022 2:52:00 PM

Oil ticks higher natural gas heads for steep weekly loss

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MarketWatch

Oil ticks higher natural gas heads for steep weekly loss Oil futures trade slightly higher in choppy trade Friday, while natural gas was on track for a steep weekly fall. Price actionMarket drivers Crude oil has seen support this week on prospects for a loosening of some of China’s COVID-19 curbs, after news reports on Thursday said Beijing was weighing an easing of some quarantine restrictions on visitors to the country. China’s strict zero-COVID policy has crimped demand for crude. Meanwhile,... Oil futures were up slightly on Friday, while natural-gas futures extended a slump after ending the previous session at its lowest in more than six months.Price action Market drivers Crude oil has seen support this week on prospects for a loosening of some of China’s COVID-19 curbs, after news reports on Thursday said Beijing was weighing an easing of some quarantine restrictions on visitors to the country. China’s strict zero-COVID policy has crimped demand for crude. Read more:
MarketWatch » Biden Says He Will Keep Tapping Oil Reserves Orionid meteor shower peaks Friday: Where to see it in the Bay Area Air quality issues Thursday, smoke clears and rain returns Friday Generate pre-Black Friday savings with Champion Power deals on Amazon

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Shares plummeted 25% in premarket trading after Snapchat’s parent company said it was operating on an assumption there would be no revenue growth in the current quarter. Read more >> Biden Says He Will Keep Tapping Oil ReservesThe president said he will continue tapping emergency oil reserves to blunt new shocks to global oil markets, as oil industry groups contended that Mr. Biden’s policies will only worsen shortages. 3 weeks until midterms... Orionid meteor shower peaks Friday: Where to see it in the Bay AreaSet your alarms: The best viewing time will be from 1 a.m. to 3 a.m. Friday. Air quality issues Thursday, smoke clears and rain returns FridayPoor air quality will be a major factor around the Puget Sound area Thursday morning with some relief from the smoke expected starting Thursday evening. FOX13 Generate pre-Black Friday savings with Champion Power deals on AmazonYou won't be left in the dark when the power goes out thanks to this Champion Power generators sale on Amazon. 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Oil futures were up slightly on Friday, while natural-gas futures extended a slump after ending the previous session at its lowest in more than six months.President says he wants to keep gasoline prices in check as industry groups criticize his policies Western leaders are preparing for the possibility that Russian natural gas flows through the key Nord Stream pipeline may never return to full levels.Bay Area residents who live away from the foggy coastline and are willing to wake up in the middle of the night have the opportunity to watch bits and pieces of Halley's Comet falling from the sky.Most spots up and down the I-5 corridor from Bellingham to Olympia are in the "unhealthy" to "very unhealthy" air quality index categories. Price actionMarket drivers Crude oil has seen support this week on prospects for a loosening of some of China’s COVID-19 curbs, after news reports on Thursday said Beijing was weighing an easing of some quarantine restrictions on visitors to the country. China’s strict zero-COVID policy has crimped demand for crude. Illustration: David Fang By Oct. Meanwhile,. to 3 a.. Biden’s policies will only worsen shortages.. Friday brings the first chance for soaking rain that Western Washington has seen in over three and a half months. Oil futures were up slightly on Friday, while natural-gas futures extended a slump after ending the previous session at its lowest in more than six months. Biden confirmed he has already decided to have the Energy Department go ahead with sales of the last roughly 15 million of 180 million barrels from the U. With the waning crescent moon not rising until 3:20 a. Price action Market drivers Crude oil has seen support this week on prospects for a loosening of some of China’s COVID-19 curbs, after news reports on Thursday said Beijing was weighing an easing of some quarantine restrictions on visitors to the country. China’s strict zero-COVID policy has crimped demand for crude. Strategic Petroleum Reserve back in March. Meanwhile, President Joe Biden this week announced the release of 15 million barrels of crude from the Strategic Petroleum Reserve, the final tranche of a 180 million barrel release announced in March. If you find a dark location away from the lights, you may see as many as 15 to 20 meteors an hour. The administration also said it would move to refill the SPR, signaling it would make purchases if crude slid toward $70 a barrel in an effort to help provide a floor that would give domestic producers an incentive to increase output. Biden said.41 inches set in 1959. Oil has also tracked volatile trading in equities, with pressure tied to ongoing worries that aggressive monetary tightening by the Federal Reserve and other major central banks will cause a sharp global economic downturn. “Looking ahead, we continue to see WTI crude oil futures as rangebound between support at $79/barrel backed by the Biden administration’s pledge to buy oil for the SPR towards the $70 area, and resistance near $93/barrel due to economic worries and demand concerns,” wrote analysts at Sevens Report Research, in a Friday note. For anyone living in San Francisco or near the water, the excitement in the sky is likely be obscured by low clouds; the marine layer is expected to build Thursday night and blanket coastal areas through Friday morning, said Brayden Murdock, a forecaster with the National Weather Service. Natural gas, meanwhile, has pulled back sharply as domestic supplies have built and concerns about broader market tightness as a result of Russia’s invasion of Ukraine and Moscow’s curtailment of gas flows to Europe appear to have faded for now, analysts said. The Energy Information Administration on Thursday said U.S." Astrophotography Meteor Shower with Milky Way Galaxy and Stars - Scenic mountain views of night sky of the Flat Tops Wilderness area, Colorado USA. natural gas in storage rose by 111 billion cubic feet in the week ended Oct. 14. Analysts surveyed by The Wall Street Journal, on average, had looked for an injection of 102 billion cubic feet. "Also popular are places along Mines Road, south of Livermore," he wrote. Also, a federal regulator this week said Freeport LNG must receive full approvals before its planned November restart of a Texas export facility, one of the nation’s largest, planned for November, news reports said. The facility has been closed since a June 8 fire. “The market took the news to mean that restart could be delayed further, with the corresponding 2." Top Picks In Shopping.5 [billion cubic feet] per day of gas continuing to be sent to storage until approval is granted. Seasonable to above normal temps from the last week of October into the first week of November are also putting pressure on price,” said Robert Yawger, executive director of energy futures at Mizuho, in a note. .