Energy Prices (Daily Change)
| Up/Down | Price | Change | |
|---|---|---|---|
| Crude Oil | ↑ | 83.49 | +0.55 |
| Heating Oil | ↑ | 3.4115 | +.0777 |
| RBOB Gasoline | ↑ | 2.5157 | +.0292 |
| Natural Gas | ↓ | 7.089 | -.690 |
All prices updated at end of day using CME settlements.
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While energy prices, and commodities in general are trending lower, a ‘reverse currency war’ has broken out as countries react to a strengthening dollar.
“Japan intervened to strengthen the yen for the first time in 24 years as a trio of European central banks raised interest rates, underlining the disruptive impact of inflation on currencies and monetary policy.”
+Japan intervenes to shore up yet as ‘reverse currency wars’ deepen – FT
Of course, one of these kids is not like the other…
+Turkey’s central bank cuts rates despite rampant inflation – FT
Macro Energy
+Weekly Petroleum Status Report – EIA
+Which companies received the most crude from US emergency reserve? – Reuters
+Oil edges higher on Russian supply concerns in volatile trade – Reuters
Macro Economy
+World’s central banks race to raise rates after Fed increase – WSJ
+Bank of England lifts interest rates by 0.5 percentage points – FT
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.
+China increased electricity generation annually from 2000-2020 – EIA
+Sustainable fuel startup Air Company to sell to Jetblue, Virgin Atlantic – Reuters
Other News
+Russians flee to border after military call-up – BBC
+Iran protests pose new test for clerical leadership – France24
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