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UNG News30 articles
Stubbornly High Gas Prices May Persist Through Summer
U.S. gasoline prices dipped slightly to $4.530 per gallon but remain elevated due to low inventories and geopolitical risks. The national average could stay above $4.50 through summer.
Brent Crude Drops 6% as Geopolitical Risks and Supply Constraints Loom
Brent crude fell 6% to $101.29, with WTI at $95.42, as China imports plunged 20% and OPEC+ raised quotas. Analysts eye $120 risk from Middle East tensions.
Natural Gas Holds Near $2.80 After Smaller Storage Build, Summer Demand Looms
U.S. natural gas futures closed near $2.80/MMBtu after a smaller-than-expected storage build of 63 bcf. The EIA projects Henry Hub at $3.10 for Q2 and Q3, with LNG exports set to hit 17.0 bcf/d in 2026.
Gold Surges to $4,720 as Geopolitical and Economic Crosscurrents Drive Rally
Gold rallied 2.3% to $4,719.68 on a softer dollar and easing Iran tensions, but faces resistance near $4,780-$4,900 as Fed policy and geopolitical risks loom.
Gasoline Prices to Stay Elevated Despite Potential Iran Deal, Analysts Warn
U.S. gasoline prices remain near 2022 highs above $4.54 per gallon as geopolitical tensions near the Strait of Hormuz continue to disrupt oil flows, with analysts forecasting no return to pre-war levels before 2027.
Oil Surge and Geopolitical Risk Rattle Wall Street, UBS Warns of Underestimated Impact
Brent crude surged 5.8% to $114.44 after new attacks in the Strait of Hormuz, while the S&P 500 fell 0.41%. UBS warns investors are missing the bigger risk of sustained economic damage.
Oil Surges Past $110 on Iran Strait Tensions, Futures Swing
Oil spiked above $110 after Iran claimed to repel a US warship near the Strait of Hormuz, though US officials denied any strike. Brent crude briefly topped $113, and US stock futures swung sharply.
Hormuz Crisis Looms Over Oil Markets as Physical Prices Surge
Brent crude slipped to $108.17 on Friday after Iran proposed talks, but the Strait of Hormuz remains disrupted, and physical crude grades trade near $130, signaling further price spikes ahead.
Is Cash Still a Safe Bet? How Inflation Erodes Savings Yields
Inflation is outpacing most savings accounts, making cash a costly choice. High-yield options like online banks and I bonds offer better returns.
Tech, Energy, and Autos in Focus as Markets Open Amid Inflation Jitters
U.S. stocks open at record highs Monday, but March inflation surged and factory input costs hit a four-year peak. Oil prices rose on Strait of Hormuz tensions, while Spirit Airlines ceased operations.
Markets Rally on Tech Earnings; Coffee, Oil Fall
S&P 500 and Nasdaq hit new highs on strong earnings from Alphabet and Qualcomm. Coffee prices fall on Brazilian crop growth, and crude oil declines on demand concerns.
Brent Crude Hits $126 as Iran Tensions Threaten Global Oil Supply
Brent crude spiked above $126 a barrel on Thursday as traders priced in an extended Strait of Hormuz closure and potential US military action against Iran.
Dollar Slips as GDP Miss and Core Inflation Surge Cloud Fed Rate Path
The U.S. dollar declined Thursday as first-quarter GDP growth missed expectations and core inflation accelerated, muddying the Fed's rate-cut prospects and triggering yen intervention fears.
Gold Slides for Third Day as Fed Policy and Iran Tensions Weigh
Gold dropped for a third day to $4,545.20 as traders weighed Fed rate policy and Iran war fears. Brent crude neared $119, Treasury yields climbed.
US Gasoline Average Surges to $4.23 as Iran Strait Crisis Tightens Supply
US gasoline prices surged to $4.229/gallon Wednesday, up 21 cents in a week, as Brent crude topped $114 on Iran Strait of Hormuz disruptions and Midwest refinery outages.
JSE Edges Lower as Rand Weakens Ahead of Fed Rate Decision
South African stocks slipped Wednesday, with the JSE All Share down 0.28% and the rand weakening to 16.5550/USD as investors trimmed risk ahead of the Fed's rate decision.
Indian Markets Edge Higher Amid Oil Price Surge and Geopolitical Risks
Indian equities opened higher on Wednesday, with Sensex and Nifty gaining over 0.5% each, even as Brent crude climbed to $111.97 on supply worries.
Wall Street Hits Records on Tech Optimism; Oil Surges on Hormuz Closure
The S&P 500 and Nasdaq 100 set new records amid tech earnings optimism, while WTI crude rose 2% on the Strait of Hormuz closure.
Dow Underperforms as Oil Surge, Fed, and Tech Earnings Loom
The Dow Jones Industrial Average slipped last week as oil prices climbed and investors await key earnings, the Fed decision, and economic data.
Indian Markets Eye Higher Open on Iran Nuclear Talks, India-NZ FTA
Indian markets are poised for a higher open, buoyed by Iran's nuclear offer and the India-New Zealand trade deal. Gift Nifty futures suggest a flat-to-positive start amid mixed global cues.
Enbridge's C$4B Sunrise Pipeline Gets Federal Go-Ahead
Enbridge secures Canadian approval for its C$4 billion Sunrise Expansion, adding 300 million cubic feet per day of gas capacity and supporting LNG exports.
Natural Gas Futures Retreat as Robust Inventories Offset Export Strength
U.S. natural gas futures declined early Tuesday, retreating from a four-session rally, as substantial storage inventories outweighed strong liquefied natural gas export demand. Front-month prices traded around $2.67 per million British thermal units.
Cocoa Prices Plunge on European Demand Slump, Asian Markets Mixed
Cocoa prices tumbled over 3% after weak European demand data, while Asian markets diverged with Hong Kong falling and India's Sensex gaining.
European Gas Prices Retreat Amid Lingering Supply Fears
European natural gas prices declined Wednesday, easing from recent highs driven by Middle East supply concerns. The EU warned prolonged Strait of Hormuz disruptions could trigger fresh price spikes.
Cocoa, Coffee, and Sugar Rally Amid Supply Shocks and Dollar Weakness
Commodity markets saw significant moves with cocoa, coffee, and sugar prices climbing due to supply constraints and a weaker dollar. Equities in India and Hong Kong rallied on easing geopolitical tensions.
Mild Weather Dampens Global Natural Gas Demand, Pressuring Prices
Natural gas prices declined in the U.S. and Europe on Tuesday, pressured by mild weather reducing heating demand and ample storage levels. U.S. spot prices in Texas remained negative for a historic 47th consecutive day.
European Gas Prices Steady Near €44 as Supply Fears Ease
European natural gas prices stabilized near 44 euros per megawatt-hour as the EU downplayed immediate supply threats. Goldman Sachs revised its price forecast lower, citing potential for volatility if shipping disruptions persist.
Intel Buys Back $14.2B Stake in Irish Fab, Bolstering AI Strategy Ahead of Earnings
Intel has regained full ownership of its Fab 34 facility in Ireland through a $14.2 billion buyback of Apollo's stake. The move strengthens Intel's manufacturing control as it prepares to report quarterly results and advance its AI initiatives.
U.S. Natural Gas Gains on Late Cold, But Oversupply Concerns Loom
U.S. natural gas futures advanced Monday as a late-season cold wave increased heating demand, though elevated storage levels and a bearish long-term price outlook from the EIA tempered the rally.
Indian Equities Surge on Geopolitical Relief, Banks Lead Rally
Indian stock benchmarks jumped over 1% on Monday, with the Sensex climbing 787 points to 74,106.85, fueled by easing crude prices on potential Middle East de-escalation. Financial and consumer stocks led the advance.