Natural Gas Technical Analysis: Price Deepens its Losses Forex trading
Enter your email resumed their decline in recent trading at intraday levels, to record daily losses until the moment of writing this report, by -4.60%.
It then went to settle at the price of $8.028 per million British thermal units, after rising during trading on Friday. By 1.52%, during the past week the price rose by 1.50% after the price reduced its early gains at the beginning of the week, while during the month of July the price rose sharply by 54.26%.
Russian oil production fell sharply after Moscow faced Western sanctions when it sent troops into neighboring Ukraine in February, but production has gradually begun to increase over the past months but is still below pre-sanction levels. Russia has again reduced gas flows to Europe through the Nord Stream 1 pipeline over the past week from 40% to only 20% of its capacity. Russia's state-owned Gazprom has blamed delays in equipment deliveries linked to Western sanctions imposed to protest the Kremlin's invasion of Ukraine, though analysts viewed the move as retaliation for the sanctions.
The Organization of the Petroleum Exporting Countries and its allies led by Russia, collectively known as OPEC+, will by August fully cancel record production cuts since the outbreak of the COVID-19 pandemic in 2020.Technically, the recent decline in natural gas comes as a result of the stability of the pivotal resistance level 9.60, to reap the profits of its previous rises.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
3 Charts Show Europe's Unprecedented Natural Gas CrisisCNBC takes a look at how Russia is squeezing its gas supplies to Europe and what this means for the future of the region.
Weiterlesen »
Average LA County gas price drops to lowest amount since March 9The average price of a gallon of self-serve regular gasoline in L.A. County decreased Saturday for the 46th consecutive day since rising to a record, dropping 1.8 cents to $5.658, its lowest amount since March 9.
Weiterlesen »
Gas Station Owners Grapple With Price SwingsOf the 116,641 convenience stores selling fuel in the U.S., slightly more than half are independently run. Those mom-and-pop operations are just as stressed about high gas prices as you are.
Weiterlesen »
San Diego County Gas Price Hits Lowest Amount Since March 8The average price of a gallon of self-serve regular gasoline in San Diego County dropped Sunday for the 46th consecutive day since rising to a record, decreasing 1.1 cents to $5.572, its lowest amount since March 8.
Weiterlesen »
HPD: 2 dead after shooting at SE Houston gas station leads to 2 separate car chasesBREAKING OVERNIGHT: One man was shot and killed and another was thrown out of a moving vehicle after a shooting at a southeast Houston gas station led to two separate police chases early Monday, according to police.
Weiterlesen »
Federal tourism aid funds gas stations, trash cans, jazzHundreds of tourism projects nationwide are collectively getting about $2.4 billion in federal coronavirus relief funding.
Weiterlesen »