Updates from Northland Energy Trading

  • Market News 12/22/2020
    Crude oil and refined products futures were losing further ground as of the overnight session on Tuesday, with losses of between 0.4% (ULSD) and 1.3% (RBOB), with a slight ... Read more

  • Energy Report 12/21/2020
    The complex snapped a five-session rally, seeing fairly heavy losses amid weakness in equities and strength in the US dollar, with news of the spread of a new and more infectious strain of the coronavirus in the UK. Reuters reports that the news strain is thought to be 70% more infectious, that the UK is tightening... Read more

  • Market News 12/21/2020
    Petroleum futures were losing ground in the overnight session on Monday, after spending five sessions higher, amid news that a new coronavirus strain has been spreading across the UK (causing fresh lockdowns in the country and new restrictions in Europe), losses in the European shares and in US stock market index futures, as well as... Read more

  • Energy Report 12/18/2020
    The complex extended its rally to a fifth consecutive session today, despite weakness in US and European shares, strength in the US dollar, and a rise in the US oil rig count. In economic news today, the CPI in Japan fell 0.4% m/m. Excluding food and energy, the consumer price level was stable. The Bank of Japan made no changes... Read more

  • Propane News & Numbers 12/18/2020
    Propane prices rallied on Thursday, amid gain in crude futures but showing independent strength by far outpacing them in percentage gains. Brent crude added 0.8% and ... Read more

  • Market News 12/18/2020
    Petroleum futures were trading flat to lower in the overnight session on Friday, after spending four sessions higher, amid strength in the US dollar, despite gains in European shares and in US stock market index futures. Market participants awaited Canadian retail sales data and... Read more

  • Energy Report 12/17/2020
    ULSD futures added 1.2% in a low-volume upside session today. Slow stochastics and the RSI are still overbought, while candlesticks and the MACD are... Read more

  • Propane News & Numbers
    Propane prices rallied on Wednesday following a bullish weekly EIA propane/propylene inventory report and amid strength in crude futures. Brent crude added 0.6% and WTI rose 0.4% with supportive weekly EIA crude stock data, strength in equities, and a continued drop in... Read more

  • Market News 12/17/2020
    Petroleum futures looked set to extend their rally to a fourth consecutive session as of this writing in the overnight session on Thursday, amid a continued rise in global shares and a further depreciation in the US dollar. Economic data from Europe were neutral to supportive, and... Read more

  • Energy Report 12/16/2020
    Petroleum futures spent most of the morning south of the unchanged mark, but the latter half of the session above it, with strength in equities, fresh multi-year lows in the US dollar index, and a supportive weekly EIA inventory report. It was an active day on the economic calendar. Composite PMI indexes from Markit showed... Read more