Updates from Northland Energy Trading

  • Energy Report 5/3/2021
    NYMEX HO futures gapped lower over the weekend, hitting the 9-day ma ($1.9052) at the lows but not quite reaching nearby $1.9000 support. Futures recovered, and we gained 1.5% in an outside session (there was a higher high to go along with the lower low). This was consistent with our... Read more

  • Market News 5/3/2021
    Petroleum futures lost ground on Friday amid news that Iranian oil production continued to rise last month, weakness in equities, and strength in the US dollar. WTI crude dropped $1.43 to settle at $63.58/bbl and Brent crude fell $1.31 to close at $67.25/bbl. RBOB futures settled 3.01 cents lower at $2.0698/g and ULSD (HO) futures lost 4.03 cents to $1.9211/g. According to Platts, the New York Harbor HSHO barge differential to NYMEX weakened by... Read more

  • Market News 4/30/2021
    Petroleum futures strengthened yesterday with gains in US shares, despite weakness in European equities and strength in the US dollar. Brent crude futures added $1.29 to close at $68.56/bbl and WTI futures rose $1.15 to settle at $65.01/bbl. RBOB futures gained 2.77 cents to settle at $2.0999/g and ULSD (HO) rose 2.28 cents for a $1.9614/g settlement. New York Harbor ULSD... Read more

  • Energy Report 4/29/2021
    ULSD futures rose 1.2% in an upside session – consistent with our bullish bias which we maintain. Slow stochastics, the RSI, the MACD, candlesticks and moving averages are all... Read more

  • Market News 4/29/2021
    Crude futures strengthened for a second session yesterday, posting gains of over one percent amid weakness in the dollar and strength in European shares, as well as supportive weekly EIA distillate inventories (crude and gasoline data were more neutral). WTI rose 92 cents, settling at $63.86/bbl, and Brent crude closed up 85 cents at $67.27/bbl. RBOB futures... Read more

  • Market News 4/2//2021
    Petroleum futures strengthened yesterday with gains of over one percent amid another attack in Saudi Arabia, near the Red Sea port of Yanbu, despite losses in equities and strength in the US dollar. WTI crude rose $1.03 to settle at $62.94/bbl and Brent crude gained 77 cents to close at $66.42/bbl. RBOB futures added 4.18 cents, settling... Read more

  • Energy Report 4/27/2021
    ULSD futures continued higher today, strengthening 1.4% in an upside session and taking out $1.9000 resistance in the process. With bullish slow stochastics, RSI, MACD, and candlesticks, we'll adopt ... Read more

  • Market News 4/27/2021
    The complex settled mostly lower on Monday following the lifting of force majeure on loadings from the port of Hariga by the Libyan National Oil Corporation. Brent crude fell 46 cents, closing at $65.65/bbl, and WTI shed 23 cents, settling at $61.91/bbl. RBOB futures also fell, by 1.71 cents to settle at $1.9786/g, but ULSD (HO) futures edged up 50 points for a settlement at... Read more

  • Market News 4/26/2021
    Petroleum futures strengthened on Friday amid a dip of 1 in the US oil rig count, strength in US equities, and weakness in the US dollar. WTI crude rose 71 cents to settle at $62.14/bbl and Brent crude also added 71 cents to close at $66.11/bbl. RBOB futures settled 2.10 cents higher at $1.9957/g and ULSD (HO) futures edged up 1.27 cents to $1.8735/g. According to Platts, the New York Harbor ULSD barge differential to NYMEX strengthened by 10 points to +0.10c/g, while HSHO and ULSHO barge differentials held... Read more

  • Market News 4/22/2021
    The complex fell for a second session on Wednesday amid bearish US crude oil stock data in the weekly EIA report, despite strength in US and European shares and some slight weakness in the US dollar. Brent crude futures lost $1.25, closing at $65.32/bbl, and WTI dropped $1.32 to settle at $61.35/bbl. RBOB futures settled 3.40 cents weaker at $1.9834/g, and ULSD (HO) lost 2.64 cents for a $1.8537/g settlement price. According to Platts, New York Harbor barge price differentials to NYMEX mostly... Read more