The Energy Report: Gas Gimmicks

www.investing.com/analysis/the-energy-report-gas-gimmicks-200626262

By Phil Flynn | Jun 24, 2022 11:28AM ET

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Energy prices are trying to find some support after getting beat up on recession fears in data from the American Petroleum Institute that failed to inspire people to come back in it and buy.

Energy Secretary Jennifer Granholm seemed to strike a tone with the energy companies that was a little bit more friendly than the type of rhetoric we’ve been hearing from the Biden administration. It seems the point that they could move on very quickly would be the possibility of lifting some of the summertime gasoline regulations that could allow more supply onto the market.

Oil corrected hard-on concerns about potential recession signs that Russian oil production is rising yet again, and it appears that the market is assuming that Russian oil production is going to be back to where it was before the war.

At the recent maintenance, we continue to be bullish, and we think that we’re getting to the point where you should be putting on your hedges. The back end of the curve is not holding up as well, but we do expect that that will at some point start to look very attractive.

Today we have a short update because I have an appointment. We will get back to full speed next week, have a great weekend!

Commodities Week Ahead: Oil Hit By Aramco, Gold Awaits U.S. Fed... By Barani Krishnan/Investing.com - Aug 15, 2022 10

Saudi Aramco hints at higher output as world economy shows signs of slowing US Gulf of Mexico oil production back to normal after last week’s brief outage Gold futures hold above...

Oil Prices Fall As China Cuts Policy Rates By Timothy Fries - Aug 15, 2022 2

WTI, Brent Down At Multi-Month Lows Crude oil prices are down at multi-month lows after China released worse-than-expected economic activity data and issued an unexpected interest...

The Energy Report: China Shocker By Phil Flynn - Aug 15, 2022 1

Oil prices were down on concerns that Iran could accept the EU proposal to get back into the Joint Comprehensive Plan of Action (a nuclear deal reached by Iran and China, France,...

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Mohd Izhar Muslim Jun 26, 2022 3:22AM ET

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Thanks 👍

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Gideon Strassmann Jun 24, 2022 12:29PM ET

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I remember you very favorably when you went on CNBC some 25 years ago.

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Central Banks

Interest Rates

Next Meeting

FED

2.50%

Sep 21, 2022

ECB

0.50%

Sep 08, 2022

BOE

1.75%

Sep 15, 2022

SNB

-0.25%

Sep 22, 2022

RBA

1.85%

Sep 06, 2022

BOC

2.50%

Sep 07, 2022

RBNZ

2.50%

Aug 17, 2022

BOJ

-0.10%

Sep 22, 2022

CBR

8.00%

Sep 16, 2022

RBI

5.40%

Sep 30, 2022

PBOC

2.75%

BCB

13.75%

Sep 21, 2022

US 30	33,931.6	+170.5	+0.51%
US 500	4,297.5	+17.4	+0.41%
Dow Jones	33,931.68	+170.63	+0.51%
S&P 500	4,297.28	+17.13	+0.40%
Nasdaq	13,116.21	+69.02	+0.53%
S&P 500 VIX	19.99	+0.46	+2.36%
Dollar Index	106.405	+0.895	+0.85%

Crude Oil WTI	89.53	-2.56	-2.78%
Brent Oil	95.17	-2.98	-3.04%
Natural Gas	8.742	-0.026	-0.30%
Gold	1,793.15	-22.35	-1.23%
Silver	20.172	-0.526	-2.54%
Copper	3.6055	-0.0630	-1.72%
US Soybeans	1,410.75	-43.50	-2.99%

SPDR S&P 500	428.92	+1.82	+0.43%
iShares Russell 2000	200.56	+0.19	+0.10%
Invesco QQQ Trust	332.72	+2.33	+0.71%
Direxion Daily Junior Gold Miners Bull 2X Shares	35.65	-2.21	-5.84%
iShares Silver	18.65	-0.52	-2.71%
ProShares Ultra VIX Short-Term Futures	8.96	-0.15	-1.66%
ProShares UltraPro QQQ	38.81	+0.83	+2.17%

Apple	173.06	+0.96	+0.56%
Alphabet A	122.05	+0.37	+0.30%
Tesla	931.75	+31.66	+3.52%
Amazon.com	143.06	-0.49	-0.34%
Netflix	248.82	-0.48	-0.19%
Meta Platforms	181.01	+0.51	+0.28%
Bank of America	36.28	-0.01	-0.04%

The Energy Report: Gas Gimmicks

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