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Crude and Natural Gas Price Fluctuations in Response to Geopolitics and Supply

September 9, 2013
Crude is down $0.60 with sellers in control.

Natural gas is up $0.06 with buyers in control.

 

 

Crude oil was supported by concerns over Syria and the potential for international conflict.  President Obama is expected to speak to the public on Tuesday and Congress may vote on the resolution authorizing the use of force as early as Wednesday.

 

 

Natural gas put in a poor showing this week.  It peaked near $3.72 just before the storage report and then, despite injections below expectations, fell $0.20 over the next two days.  It finished the week near $3.53.

 

 




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