[MARKET ANALYSIS] Crude rebounds following after recent losses with newsflow quiet; Nat gas rises
Crude oil is rebounding after two days of losses, driven by geopolitical factors such as the U.S.
US bipartisan Senate group believes it is on the verge of a deal, regarding health care and a Obamacare subsidies extension, Punchbowl reports; however, the Hyde language is "now viewed more acutely as an insurmountable problem."
Germany and India are reportedly nearing a USD 8bln agreement regarding submarines
[MARKET ANALYSIS] Crude rebounds following after recent losses with newsflow quiet; Nat gas rises
[MARKET ANALYSIS] Fixed faltered as risk sentiment saw a fleeting recovery, US Challenger released early, Claims due later
[MARKET ANALYSIS] DXY incrementally firmer awaiting further jobs data after an early Challenger Layoffs release; Antipodeans lag
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
- WTI and Brent front-month futures post mild upside as the contracts rebound after two consecutive sessions of losses and after the US’ effective seizure of Venezuela’s crude, which promises more barrels in the market and a likely move away from Canadian oil for the US. Further, US President Trump said the US would be extracting Venezuelan oil for years; "the oil will take a while in Venezuela"; and added that US oversight of Venezuela could last for years. Aside from that, overall newsflow has been light with notable updates sparse thus far on geopolitics, although China's Ambassador rejected Japan's export controls negotiations attempts. WTI Feb resides in a USD 55.97-56.51/bbl range whilst Brent Mar sits in a USD 59.96-60.48/bbl band.
- Nat Gas, meanwhile, is on a firmer footing once again after Dutch TTF settled over 2.5% higher, albeit off best levels, with traders citing the current cold snap across some of Europe. ING suggests that EU gas storage is now 58% full vs a 5-year average of 72%.
seizure of Venezuela's crude, which adds supply to the market and could shift U.S. imports away from Canada. The market's upward movement is also supported by light news flow, suggesting that traders are positioning themselves ahead of potential supply increases. Meanwhile, natural gas is also gaining momentum due to colder weather in Europe, despite EU gas storage levels being below the five-year average, which may keep pressure on prices.
Related headlines
- Newsquawk European Market Wrap - 11th September 202622 hours ago
- US EQUITY OPEN: US indices reverse initial CPI losses22 hours ago
- CRUDE WRAP: WTI (V6) SETTLES USD 2.43 LOWER AT 100.05/BBL; BRENT (X6) SETTLES USD 3.02 LOWER AT 104.61/BBL17 hours ago
- Russian senior diplomat Ushakov says President Putin and Indian PM Modi discussed Ukraine during talks in New Delhi21 hours ago
- Trump removes 50% tariff on bulk Canadian whisky and liquers, effective September 15th20 hours ago
- Newsquawk US Market Wrap: Markets chop, and yields flatten after hot core CPI boosts Fed rate hike bets16 hours ago
- Saudi Crown Prince MBS has personally urged President Trump to launch military strikes against Houthi forces in Yemen amid their rapid advance along the Red Sea coast, reports to CBS citing sources19 hours ago
- US President Trump reiterates that Iran will never possess a nuclear weapon21 hours ago
- US President Trump reiterates USD 5k payment to all US adults will happen 16 hours ago
- Saudi Arabia has signaled a potential willingness to launch a major unilateral military operation against the Houthis, though Riyadh has not yet reached a final decision, according to ABC16 hours ago
- A high-ranking Iranian security and political source told Al Mayadeen that contrary to claims and intimidation tactics, US President Trump is seeking to return to negotiations with Iran18 hours ago
- Germany is developing a pharmaceutical pricing proposal for the Trump administration in an effort to avert potential US tariffs on German goods, reports Politico citing sources19 hours ago
- Fed court reportedly blocks Trump order to keep Michigan coal plant open20 hours ago
- TREASURY WRAP: T-NOTE FUTURES (Z6) SETTLE 8 TICKS LOWER AT 106-03+16 hours ago
- Week in Focus 14-18th September 2026: Highlights include FOMC, BoJ, BoE, Inflation from UK, Canada and Japan15 hours ago
- Week in Focus 14-18th September 2026: Highlights include FOMC, BoJ, BoE, Inflation from UK, Canada and Japan20 hours ago
- US FX WRAP: Dollar sees two-way action, but initially firms on hotter-than-expected core M/M print16 hours ago
- Newsquawk Weekly Economic Calendar - 13th-18th September 202622 hours ago
- JPMorgan revises Fed forecast and now sees hikes in September and December17 hours ago
- Iran has reportedly launched drones towards ships in the Strait of Hormuz, reports Israel Channel 1217 hours ago
The whole workspace, free to try.
Try it free