Energy News Beat 2/9/2021: Super Bowl Hangover? Not For Crude

Markets stay flat today after huge Monday rally fades away

  • S&P 500: 01%
  • Nasdaq: -0.09%
  • Dow Jones: 08%

“The market has been pricing in the reopening optimism, and in the short term that may be able to keep us grinding higher,” said JJ Kinahan, TD Ameritrade’s chief market strategist. “What worries me a bit is if the reality of the economy will live up to the expectations. The expectations are just so high that you wonder when we get there, what’s next for us.”

Crude Oil and Natural Gas News

BULLS ARE BACK IN TOWN as crude oil surges to $58 dollars amid a steady bull run an a continued breakdown of the US dollars.  Markets await EIA crude data tomorrow at 8:30 AM MST with crude oil prices currently trading around $58.34. Natural gas prices fall 1.84% even after short term weather models turn colder. “…the other key is that we do not yet see warming to even normal yet at the end of the runs,” the forecaster said. “If cold continues beyond day 15 and into March, we should see a steady climb in prices, at least when smoothed out.”

US Energy News

  • TOTAL name change and drops earnings
  • NY state electrical demand

International Energy News

  • Iran has fighting words…
  • Amazon gets into offshore wind
  • Biden’s first Middle east move

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