Energy Prices (Daily Change)
| Up/Down | Price | Change | |
|---|---|---|---|
| Crude Oil | ↑ | 87.76 | +1.24 |
| Heating Oil | ↑ | 3.6869 | +.1511 |
| RBOB Gasoline | ↓ | 2.6685 | -.0145 |
| Natural Gas | ↑ | 6.930 | +.093 |
All prices updated at end of day using CME settlements.
Yesterday’s rally unfolded as markets are in more of a sell-the-rally mode than buy-the-dip.
Energy Macro is brought to you by:
+OPEC+ agrees to biggest oil cut since start of pandemic – WSJ
+White House accuses OPEC+ of aligning with Russia – FT
Macro Energy
+US plans to ease Venezuela sanctions, enabling Chevron ton pump oil – WSJ
+China processed the least crude oil since early 2020 in second-quarter 2022 – EIA
Macro Economy
+Markets break when interest rise fast: Here are the cracks – WSJ
Energy Transition
+Climate failure will surpass economic hit of change, IMF – FT
+Green hydrogen revolution risks dying of thirst – Reuters
+US invests in multi-state offshore wind hubs to narrow supply gaps – Reuters
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
+California water agencies offer Colorado River savings – APNews
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