Energy prices remain exceptionally weak

Whilst the broader capital markets are in a holding pattern ahead of the ECB announcement this Thursday morning, the energy market continues to see exceptional weakness. Nat' gas and WTIC Oil settled the day lower by -8.3% and -5.0% respectively. Near term outlook offers no sign of a turn/floor.


WTIC, weekly

Nat' gas, weekly

Summary

*I'm tired.. so I'll keep this short...
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Suffice to say.. NO sign of a key floor yet in the Oil.. or Nat' gas market.

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Looking ahead

Wed' has very little, just housing starts.
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Goodnight from an icy London