Energy Prices (Daily Change)
| Up/Down | Price | Change | |
|---|---|---|---|
| Crude Oil | ↓ | 92.52 | -2.37 |
| Heating Oil | ↓ | 3.9491 | -.0641 |
| RBOB Gasoline | ↑ | 2.8121 | +.0114 |
| Natural Gas | ↑ | 9.375 | +.045 |
All prices updated at end of day using CME settlements.
TTF Gas Continues Into Pain Territory
All eyes on the European power sector as natural gas and electricity prices continue to inflict pain on consumers and industry alike.
At this point it is impossible to call a top, but it is sure to factor into future interest rate decisions as only dampening demand will help control this freight train.
+EU eyes emergency talks on energy crisis with prices spiking – Bloomberg
+Why Europe’s electricity prices are soaring – NYT
+Average monthly electricity wholesale prices in selected countries in EU – Statista
Energy Macro
+Oil prices sink $2/bbl on possible Iran oil exports, rising interest rates – Reuters
+OPEC president is open to cutting oil production – WSJ
+Iran is gearing up to replace Russia’s oil market share in Europe – Markets Insider
Macro Economy
+US stocks rise with all eyes on Jackson Hole summit – FT
+Fed watchers scrutinize Jackson Hole for hints on interest rate outlook – WSJ
Other News
+California’s gas car ban will change how everyone drives – VOX
