Updates from Northland Energy Trading

  • Market News 1/6/2021
    Crude oil and refined products futures were seeing further but modest gains in the overnight session on Tuesday, amid further weakness in the US dollar index and strength in European shares, despite more mixed trade in US stock market index futures and bearish product inventory data from... Read more

  • Energy Report 1/5/2021
    ULSD futures rallied 3.9% today but in an inside session (higher low, but also a lower high), taking out 9-day ma resistance ($1.4847). There was no apparent motivation from... Read more

  • Propane News & Numbers 1/5/2021
    Propane prices rallied on Monday, showing independent strength as gains outpaced those in NYMEX natural gas futures and as crude futures lost ground. Brent crude fell 1.4% yesterday, and WTI crude dropped 1.9% while OPEC+ debated output policy for next month and... Read more

  • Market News 1/5/2021
    Crude oil and refined products futures were seeing gains of over one percent in the overnight session this morning, amid the possibility of a 0.5mb/d OPEC+ output cut next month and weakness in the US dollar, despite weakness in European shares and... Read more

  • Energy Report 1/4/2021
    ULSD futures dropped another 1.9% lower in an average-volume session today, but we hit intraday levels not seen since back in March at the highs, making it an outside... Read more

  • Market News 1/4/2021
    Crude futures were trading in the red in the overnight session on Monday despite gains in European equities and in US stock market index futures, as well as weakness in the US dollar. Reuters reports that most OPEC+ countries would like to postpone a planned... Read more

  • Energy Report 12/31/2020
    Petroleum futures settled mixed near the unchanged mark today with losses in European equities and mostly lower trade in US shares, as well as strength in the US dollar likely weighing. In US economic news, weekly initial jobless claims came in at 787,000, well below... Read more

  • Market News 12/31/2020
    Crude oil and refined products futures were seeing small losses of under one percent in the overnight session on Thursday, amid further weakness in European shares but despite further weakness in the US dollar and strength in US stock market index futures. Market participants looked ahead to Read more

  • Energy Report 12/30/2020
    Petroleum futures saw see-saw (and again very thin) trade today, with most of the complex spending much of the session north of the unchanged mark amid fresh multi-year lows in the US dollar, strength in US equities (despite weakness in Europe) and following a mostly bullish weekly inventory... Read more

  • Market News 12/30/2020
    Petroleum futures were strengthening further in the overnight session on Wednesday amid bullish US crude oil inventory data from the American Petroleum Institute (API), gains in US stock market index futures, and continued weakness in the US dollar. It was a quiet morning on the economic calendar. Market participants looked ahead to... Read more