Energy News Beat 2/12/2021 – HALL PASS FRIDAY

Up and down day for the markets as new stimulus hopes couldn’t push markets green.

  • S&P 500: 11%
  • Nasdaq: 11%
  • Dow Jones: -0.08%

“Is the path to much higher equities becoming smaller…to put it differently, are the bulls attempting to thread a needle? Seems that way near term,” Dennis De Busschere, macro research analyst at Evercore ISI, said in a note.

Crude Oil and Natural Gas News

Crude oil prices jump 3% as vaccine rollout looks promising and rigs +5. Crude oil prices currently trading at $59.64. Natural gas prices rise amind cooler weather with spot OK prices hitting record levels.

US Energy News

  • Rig count +5
  • Noble midstream earnings
  • Montey M/A deal
  • OK NG spot prices?!

International Energy News

  • Russia winning oil war
  • Dam facing backlash
  • Macquarie raises 2 billion for renewable fund

 

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