22:04:17 EST Tue 30 Nov 2021
Enter Symbol
or Name

Login ID:

Energy Summary for Oct. 6, 2021

2021-10-06 20:26 ET - Market Summary

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Stockwatch Business Reporter

West Texas Intermediate crude for November delivery lost $1.50 to $77.43 on the New York Merc, while Brent for December lost $1.48 to $81.08 (all figures in this para U.S.). Western Canadian Select traded at a discount of $12.20 to WTI, down from a discount of $12.07. Natural gas for November lost 63 cents to $5.68. The TSX energy index lost 3.42 points to close at 149.03.

Oil prices retreated from multiyear highs as the U.S. Energy Department reported that crude inventories rose by 2.3 million barrels last week, going against analysts' expectations of a 418,000-barrel drop. In addition, the U.S. government is publicly considering a release of emergency oil reserves in a bid to prop up domestic supplies and tamp down gas prices at the pump. "It's a tool that's under consideration," said U.S. Energy Secretary Jennifer Granholm during an appearance today at the Financial Times' Energy Transition Strategies Summit. She added that the government would also consider limiting crude exports.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2021 Canjex Publishing Ltd. All rights reserved.

Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.