Written Commentary
CRUDE OIL
Crude oils remain on a roller-coaster ride going into the end of the month and quarter, but it has held its ground well clear of last week’s low. Demand remains a major concern. RBOB and ULSD have started the day on the defensive with moderate losses this morning.
NATURAL GAS
Natural gas is on a four-session winning streak after a bumpy start to the week, reaching a new 2 1/2 week high on Monday before finishing with a moderate gain and following through with mild gains overnight. While the Suez Canal container ship blockage has been resolved, LNG shipments are still likely to be delayed, as it will take some time for traffic to clear.
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