The EIA reported that weekly natural gas stocks in the US rose by 85 BCF, slightly below the market consensus of 87 BCF, but well above the previous reading of 63 BCF — representing a weekly increase in stock levels of 3.85%. Although the stock rose less than expected (a slightly ‘bullish’ deviation from the forecast), natural gas prices have responded with a rise of over 1%.
Source: xStation
Daily Summary: Market euphoria shows no signs of letting up 🚀
Will Xi Jinping help reopen the Strait of Hormuz❓The NYT reports surprising details about the Saudi and UAE attacks on Iran 💥
🟠Copper nears historic highs on sulphur shortages and AI boom
US OPEN: Cisco shares surge; markets open higher ⏰
The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.
