Energy Prices (Daily Change)
| Up/Down | Price | Change | |
|---|---|---|---|
| Crude Oil | ↓ | 87.31 | -.47 |
| Heating Oil | ↓ | 3.5413 | -.0618 |
| RBOB Gasoline | ↑ | 2.4804 | +.0356 |
| Natural Gas | ↑ | 8.284 | +.035 |
All prices updated at end of day using CME settlements.
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The idea, and trading positions built around it, of a soft landing unwound today on a surprise in the latest US CPI report.
This sent equities spiralling lower while the dollar strengthened.
+Wall Street suffers worst sell-off since June 2020 after inflation data – FT
Macro Energy
“one out of six U.S. families has fallen behind on utility bills and owe a collective $16 billion, an amount that has doubled since late 2019”
+As gasoline prices drop, electricity and some heating costs rise – WSJ
+Biden officials weigh buying oil at around $80 to refill reserves – Bloomberg
+Officials see fading prospects of Iran nuclear deal revival soon – WSJ
+US gasoline prices are down 13 weeks in a row – WSJ
+How Europe stumbled into an energy catastrophe – NYMag
Macro Economy
+Dow slides nearly 1,300 points on high inflation reading – WSJ
+Advice from international macro expert: Stay in the US – Institutional Investor
Energy Transition
The power sector is the tail that’s waving the economic dog. Learn more about the critical power sector with our Power 101 courses.
+About 80% of US coal plant sites suitable to host nuclear reactors, DOE – Reuters
+Permitting reforms for US infrastructure lay bare energy tensions – FT
+Uranium rallies as energy crisis puts nuclear power in focus – FT
