Natural Gas slid on February 6 to settle just above critical support due to warmer weather forecasts and growing surplus concerns. As it approaches record levels, what is the potential for reversal as the US grapples with falling demand?
Oil prices extended the latest bull run for a fourth consecutive day despite prices having suffered through Tuesday trading after the API reported a larger stock build than expected. The move was primarily attributed to the Biden administration's announced plans to replenish the SPR later this year.
The Energy Information Administration analyses data on key energy sources on behalf of the U.S. government. With its weekly reports, traders may gain important information on the state of American Commodity markets.
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