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Brent oil rises, US jobs, gasoline futures support NEW YORK: Brent crude oil rose by more than $1 to a one-week high on Friday on tighter North Sea supplies and rising heating oil and gasoline prices, which were supported by continued cold and a decline in the US jobless rate. US oil also rose, but by less, pressured by the onset of US refinery maintenance season that will curb demand for crude oil. Persistently cold weather across the United States continued to fuel demand for heating oil while a declining US jobless rate supported gasoline futures prices, said Oliver Sloup, director of managed futures with in Chicago. "At the end of the day this has been an extraordinary winter. The cold weather is going to continue to support heating oil demand," he said. Analysts said Brent was also supported by evidence that North Sea crude supply could be lower than expected in the next few months. Brent ...

US natural gas futures fall; cash rockets to record NEW YORK: US natural gas futures fell sharply Wednesday due to longer term mild weather forecasts, while next-day prices spiked to record highs on anticipation for immediate cold.Temperatures are expected to be as much as 15 degrees Fahrenheit below normal across the center of the country for the next five days, promising to deplete already strained supplies, and disconnecting cash prices from futures prices.Gas futures rose 5 percent earlier in the session to a fresh ...
US propane stocks fell last week, Midwest stocks up: EIA NEW YORK: Propane inventories in the United States fell 830,000 barrels to 30.8 million barrels last week, according to data released by the US Energy Information Administration (EIA) on Wednesday, and stocks of the heating fuel rose in the Midwest. The unusual winter build in inventories in the Midwest occurred after cold weather, tight supplies and distribution problems sent spot prices soaring to a record high near $5 a gallon last month. Midwest stockpiles rose ...
US natural gas futures fall NEW YORK: US natural gas futures fell more than 3 percent by Wednesday afternoon, pressured by moderating forecasts after five weeks of frigid weather and snowstorms across the United States sharply boosted prices.Gas futures rose 5 percent earlier in the session to a fresh 4-year high extending the previous session's rally that saw a 10 percent rise, supported, in part, by sky-rocketing cash prices.By mid-afternoon the rally in the futures market had cooled as traders ...
US natgas futures rise over 6pc NEW YORK: US natural gas futures for March climbed more than 6.5 percent on Tuesday as weather forecasts for the next 10 days turned colder, returning prices to the volatile patterns seen last week. MDA Weather Services on Tuesday forecast very cold weather in the US Northwest, Rockies and Plains over the next five days and strong cold in the Midwest to East over the next six to 10 days. In the 11- to 15-day ...
US natgas futures down nearly 1 percent on warm forecast NEW YORK: US natural gas futures fell by nearly 1 percent on Monday on long-term forecasts for warmer weather after a long period of cold caused a spike in heating demand and threatened to strain supplies.Futures prices had been extremely volatile, gaining or losing at least 5 percent each day between Jan. 23 and Jan. 30 as arctic weather lead businesses and households to turn up the heat.The February 2014 contract expired on Wednesday, moving ...
Brent down slightly, pares losses on weather demand NEW YORK: Brent crude oil traded lower on Monday, but pared losses sharply following a rise in heating oil prices as cold weather in the US Northeast drove up demand. Oil futures remained broadly pressured by worries over emerging markets, weak factory data from China and expectations for lower demand as US refiners shift into maintenance season. A fresh round of snowfall fell on the US Northeast on Monday after several inches were dumped on ...


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