Updates from Northland Energy Trading

  • Energy Report 4/21/2021
    We abandoned our bullish stance yesterday and ULSD futures fell 1.4% in a low-volume downside session today. Slow stochastics, the RSI, and candlesticks are all... Read more

  • Market News 4/21/2021
    WTI crude fell 94 cents to settle at $62.44/bbl and Brent crude lost 48 cents to close at $66.57/bbl. RBOB futures weakened 2.71 cents, settling at $2.0174/g, and ULSD (HO) futures fell 1.24 cents to $1.8801/g. According to Platts, the New York Harbor ULSHO barge differential to NYMEX weakened by... Read more

  • Energy Report 4/20/2021
    ULSD futures slipped 0.7% lower today, but in an outside session - we saw a lower low but also a higher high. With slow stochastics crossing for a... Read more

  • Market News 4/20/2021
    Brent crude added 28 cents, closing at $67.05/bbl, and WTI saw a similar gain of 25 cents, settling at $63.38/bbl. RBOB edged up 46 points for a $2.0445/g settlement, while ULSD (HO) shed 32 points to settle at $1.8925/g. In the New York Harbor cash market, the ULSD and ULSHO... Read more

  • Energy Report 4/19/2021
    ULSD futures edged down 0.2% in a thinly-traded downside session, printing another Doji star candlestick. We'll stick to our... Read more

  • Market News 4/19/2021
    Petroleum futures settled lower on Friday amid a rise of 7 in the US oil rig count, despite strength in equities and weakness in the US dollar. WTI crude fell 33 cents to settle at $63.13/bbl and Brent crude lost 17 cents to close at $66.77/bbl. RBOB futures settled 1.19 cents lower at $2.0399/g and ULSD (HO) futures edged down 32 points to $1.8957/g. According to Platts, New York Harbor ULSD and ULSHO barge differentials to NYMEX strengthened by... Read more

  • Energy Report 4/16/2021
    ULSD futures gapped higher, but did hit a higher high before falling back to close down 0.2% in the middle of the daily range. Today's thinly-traded dip in an upside session does little to sway us away from our.. Read more

  • Market News 4/16/2021
    Petroleum futures were trading mixed near the unchanged mark in the overnight session on Friday with gains in European equities and in US stock market index futures, weakness in the US dollar index, and news that new US sanctions were imposed on Russia yesterday likely supporting. Market participants looked ahead to... Read more

  • Energy Report 4/15/2021
    ULSD futures edged up 0.5% in an upside session today – consistent with our neutral/bullish bias. Slow stochastics continue to point... Read more

  • Market News 4/45/2021
    The complex rallied yesterday, led by WTI, which shot up $2.97 to settle at $63.15/bbl. Brent crude gained $2.91, closing at $66.58/bbl. Weekly EIA crude oil and distillate stockpiles were bullish, and mostly higher trade in US and European shares was... Read more