Daily Commentaries

Today's Daily Commentary

Tuesday, June 18, 2019
Natural Gas Opens The Week Flat While Oil Gives Up Geopolitical Premium On US Storage & Global Demand Concerns; EIA Drilling Productivity Report Shows Continued Slowdown In Drilling, But Is It Enough? Computer Models Continue To Trend Towards Warm Start To July; Gas Demand To Fall Slightly Today On Rain-Cooled East & Central Plains

Daily Commentaries For The Last 30 Days:

Monday, June 17, 2019
Natural Gas Undervalued As Temperature Outlook Warms & Supply/Demand Imbalance Tightens While Crude Oil Remains A Challenge On Middle East Tension & Storage-Supply/Demand Disconnect; Natural Gas & Oil Short Trades Exceptionally Overcrowded Setting Up Potential Future Short Squeeze; Gas Demand To Hold Steady Today With Warm East & Cool Heartland

Friday, June 14, 2019
Natural Gas Falls To New 3-Year Low After EIA Reports A Fifth Straight Triple Digit Storage Injection, But Evidence Of Tightening Supply/Demand Balance Could Catalyze A Move Higher Once Warmer Temperatures Return; Crude Oil Spikes On Gulf Threat

Thursday, June 13, 2019
Crude Oil Plunges To New 5-Month Low After Another Bearish Inventory Build, But The Signs Are There This Nightmare Could Soon Come To An End; EIA Projected To Report A 13th Straight Bearish Natural Gas Injection Today, But Commodity Looks To Establish A Bottom As Powerburn Stays Strong & Late June Temperature Outlook Warms; Realtime Year-Over-Year Surplus To Top +200 BCF Today

Tuesday, June 11, 2019
Natural Gas Inches Higher While Oil Falters; Both Commodities Trying To Bottom, But The Path Higher Won't Be A Straight Line; Gas Demand To Hold Flat Today With Another Bearish Injection Expected As Unseasonable Chill And Loose Supply/Demand Imbalance Overwhelms Exceptional Western Heat

Monday, June 10, 2019
Natural Gas Holds Near 3-Year Low While Late-Week Bounce Rescues Oil Even As Sector Slips Into A Bear Market; Natural Gas Investor Sentiment Falls To 52-Week Low Amidst Massive Short Surplus But Investors More Cautiously Trim Oil Long Holdings; Gas Demand Slumps To Start The Week As Central US Cools; Realtime Powerburn Data Now Available On The Site

Friday, June 7, 2019
Natural Gas Tumbles To New 3-Year Low After The EIA Reports Larger-Than-Expected Storage Injection, But Flat Production & Surging Powerburn Offer Some Hope For Beleaugured Bulls; Late-Session Rumor Mill Saves Crude Oil As Prices Jump Nearly 2% In The Final Hour Of Trading; Gas Demand To Dip Today Ahead Of Big Cooldown Next Week

Thursday, June 6, 2019
Bearish Paradise: Oil Plunges Into Bear Market Territory After Disastrous EIA Status Report While Natural Gas Falls To 3-Year Low Amidst Cooler-Than-Normal Near-Term Temperature Outlook; EIA Projected To Announce 11th Straight Bearish Storage Injection Today

Wednesday, June 5, 2019
Oil & Natural Gas Both Bounce, But Rally Underwhelms As US Equity Indices Surge Over 2%; EIA Forecast To Announce Another Bearish Crude Oil Storage Build Today As Bulls Can't Catch A Break; Gas Demand To Begin Recovery Today Thanks To Building Heat Across the Central US

Monday, June 3, 2019
Energy Sector Pummeled In Weekly Rout Sending Natural Gas Prices To A 3-Year Low & Oil To A 4-Month Low; Both Commodities Undervalued & Good Long-Term Buys--But That Doesn't Mean They've Bottomed; Realtime Natural Gas Inventories Top 2000 BCF As Daily Builds Remain Very Bearish Before Late-Week Recovery In Demand

Thursday, May 30, 2019
EIA Double-Header Today: Another Triple-Digit Natural Gas Storage Injection Expected While Investors Cheer Bullish -5.3 MMbbl Forecast Crude Oil Drawdown; Gas Demand To Dip Today As Heat Finally Relents Across The South

Wednesday, May 29, 2019
Natural Gas Dips To Start The Week As Heatwave Peaks While Oil Rises For A Second Straight Session In Lackluster Rally; Gas Demand To Hold Steady Today as Lower 48 Likely To See Warmest Population-Weighted Day Of 2019--So Far

Tuesday, May 28, 2019
Natural Gas Likely To Continue Rangebound Trading As Near-Term Heat Is Countered By Loose Supply/Demand Imbalance & Chilly June Outlook; Oil Has Work To Do After Disastrous Week, But Demand Likely To Pick Up Soon; Fourth Straight Triple Digit Storage Injection Expected This Week As Injections Hold Close To 5-Year Average

Friday, May 24, 2019
Natural Gas Bounces After Slightly Smaller-Than-Expected EIA-Reported Storage Injection While Oil Crashes After Bloated Inventories Finally Catch Up With Investors; Domestic Gas Production Dips, But Imbalance Remains Over-Supplied; Gas Demand To Inch Higher Today With A Third Straight Triple Digit Build Expected Even As Brutal Southeast Heat Builds

Thursday, May 23, 2019
Crude Oil Finally Collapses After The EIA Announces Another Exceptionally Bearish Storage Build, But Further Downside Should Be Limited As WTI Reaches Its Fair Price; Natural Gas Approaches Its Downside Price Target Ahead Of Today's Projected Bearish +103 BCF Storage Injection; Gas Demand Begins To Rise As South Heats Up

Wednesday, May 22, 2019
Natural Gas Falls As June Outlook Trends Cooler While Oil Rally Fizzles As Geopolitics Can Only Offer So Much Support; EIA Forecast To Announce Another Bearish Crude Oil Storage Build In Today's Petroleum Status Report; Gas Demand To Drop With Bearish +16 BCF Daily Storage Injection Expected As Unseasonable West Chill Counters Southeast Heat

Monday, May 20, 2019
Natural Gas Bulls Eye Upcoming Southeastern Heat Wave For Support But The Bears Remain The Dominant Players For Now; Crude Oil Searches For Direction As Volatile Geopolitics Mask Soft Domestic Fundamentals; First Bullish Daily Natural Gas Storage Injection This Month Expected Today As Eastern Seaboard Bakes & Heartland Chills

Thursday, May 16, 2019
Natural Gas Slumps On Cooler June Temperature Outlook While Oil Reverses Early Losses After EIA Reports Better-Than-Expected--But Still Bearish--Inventory Build; EIA Projected To Announce 9th Straight Bearish Natural Gas Storage Injection In Today's Report; Gas Demand To Fall To Weekly Low Today As Seasonal Temperatures Return To The Northeast

Wednesday, May 15, 2019
Natural Gas Rises To One-Month High On Stronger Near-Term Demand Outlook While Oil Reverses Monday's Losses On Saudi Oil Attack; EIA Forecast To Announce Exceptionally Bearish Inventory Build In Today's Petroleum Status Report, Driving Inventories To A Nearly 2-Year High; Gas Demand To Fall For Second Straight Day Today

Tuesday, May 14, 2019
Natural Gas Opens The Week Flat As Range-Bound Trading Continues While Oil Can't Avoid A Global Equity Sell-Off--But Near-Term Prospects Remain Promising; Gas Demand To Fall Today On East Warm-up With Realtime Inventories Topping 1700 BCF Tonight, 9 Days Ahead Of 2018's Pace

Monday, May 13, 2019
Natural Gas Bounces Off Its Lows After Improved Near-Term Demand Outlook, But Weak Underlying Supply/Demand Imbalance Will Check Further gains; Rare Bullish Natural Gas Storage Injection Expected Today On Unseasonable Chill Across the Northeast; Oil & Natural Gas Portfolio Climbs To New 2019 High In Quiet Trading Week

Friday, May 10, 2019
Natural Gas Falls After EIA Reports Slightly Bearish Storage Injection In-Line With Expectations While Crude Oil Split As US-China Trade Deal Falters; Natural Gas Production Dips & Powerburn Rises, But Supply/Demand Imbalance Shows So Signs Of Tightening (Yet); Ninth & Tenth Straight Bearish Builds Expected This Week & Next

Thursday, May 9, 2019
A Good Day For Commodities: Natural Gas Jumps Nearly 3% In Best Day Since February While Oil Climbs After Surprise EIA-Reported Bullish Inventory Drawdown; EIA Projected To Announce Slightly Bearish +85 BCF Natural Gas Storage Injection; Gas Demand To Hold Steady Today As Unseasonal Heartland Chill Is A Double-Edged Sword

Wednesday, May 8, 2019
Natural Gas Bounces While Crude Oil Remains Caught Between Geopolitical Extremes; EIA Forecast To Announce Bearish Oil Inventory Build Today As Bullish Case Continues To Weaken; Gas Demand Inches Higher Today On Unseasonable Heartland Chill, But Second Triple Digit Weekly Injection Remains On Track

Tuesday, May 7, 2019
This Is Why We Hedge: Global Markets, Crude Oil Set To Plunge On Chinese Trade Talk Fears; Natural Gas Demand To Fall To Weekly Low Today Ahead Of Surge Of Unseasonably Cold Air; First Of Five Consecutive Triple Digit Inventory Builds Expected This Week; End-Of-Season Inventory Outlook Tops 3700 BCF

Monday, May 6, 2019
This Is Why We Hedge: Global Markets, Crude Oil Set To Plunge On Chinese Trade Talk Fears; Natural Gas Demand To Fall To Weekly Low Today Ahead Of Surge Of Unseasonably Cold Air; First Of Five Consecutive Triple Digit Inventory Builds Expected This Week; End-Of-Season Inventory Outlook Tops 3700 BCF