Energy Prices (Daily Change)
| Up/Down | Price | Change | |
|---|---|---|---|
| Crude Oil | ↑ | 82.15 | +3.65 |
| Heating Oil | ↑ | 3.4494 | +.1895 |
| RBOB Gasoline | ↑ | 2.5779 | +.0848 |
| Natural Gas | ↑ | 6.868 | +.217 |
All prices updated at end of day using CME settlements.
Energy Macro is brought to you by:
Oil prices rallied over 4% as the dollar weakened on the heels of BOE efforts to shore up the pound.
It remains to be seen if this rally can stick considering macro headwinds.
Macro Energy
+Monthly Energy Review – EIA
+EU to put price cap on Russian oil in new sanctions package – FT
+‘It cannot be the madness that it is today’: What’s next for Petrobras – FT
+Nord Stream leaks spur scramble to protect Europe’s energy infrastructure – WSJ
+EU tells countries gas price cap would come with risks – Reuters
Macro Economy
+Dow gains more than 500 points after week of losses – WSJ
+Bonds rally across globe after BOE moves to buy debt – WSJ
Energy Transition
+The US wants to become a hydrogen production powerhouse – TheVerge
The power sector is the tail that’s waving the economic dog. Learn more about the critical power sector with our Power 101 courses.
Other News
+Iran’s morality police disappear from streets after dozens killed in protests – FT
+Powerful hurricane makes landfall in Southwest Florida – NYT
+Maps: Tracking Hurricane Ian – NYT
Learn More
Energy 101
Energy 101 – Oil 101, Power 101, Renewables 101
