Commodity Closing – Europe/Oil-Gas Majors 17.12.18
NEW YORK – Oil prices fell 1% Monday on signs of oversupply in the US and as investor sentiment remained under pressure from concern over global economic growth thus affecting fuel demand. In further news, U.S. crude oil inventories were forecast to have fallen for the third consecutive week. Analysts expected a build in refined products last week, a preliminary Reuters poll showed Monday. Six analysts polled ahead of reports from the American Petroleum Institute (API), an industry group, and the U.S. Department of Energy’s Energy Information Administration (EIA) estimated, on average, that crude stocks fell 2.5 million barrels in the week to Dec. 14. Previously, Crude inventories fell by 1.2 million barrels in the week to Dec. 7, compared with analysts’ expectations for a decrease of 3 million barrels. The API is scheduled to release its data for the latest week at 4:30 p.m. EST (2130 GMT) on Tuesday, and the weekly EIA report is due at 10:30 a.m. EST on Wednesday.
| NYMEX Crude Oil |
50.16 USD
|
-1.04
|
-2.07% | Dec 18 | 6:43PM GMT |
| ICE Brent Crude |
59.75 USD
|
-0.53
|
-0.89% | Dec 18 | 12:00AM GMT |
| NYMEX RBOB Gasoline |
1.42 USD
|
-0.01
|
-0.74% | Dec 18 | 6:43PM GMT |
| Dubai Crude Spot |
58.03 USD
|
-0.39
|
-0.67% | Dec 02 | 6:53PM GMT |
| ICE Gas Oil |
550.50 USD
|
-5.75
|
-1.04% | Jan 19 | 12:00AM GMT |
| NYMEX No2 Heating Oil |
1.84 USD
|
-0.01
|
-0.54% | Dec 18 | 6:42PM GMT |
| NYMEX Nat Gas |
3.56 USD
|
-0.26
|
-7.38% | Dec 18 | 6:42PM GMT |
| ICE NBP Nat Gas |
67.35 GBP
|
-0.60
|
-0.89% | Dec 18 |