The first snowfall of the season over Chicago and other swaths of Middle America and forecasts for frigid weather in the coming weeks have added fuel to the natural-gas rally, pushing prices of the power-generation and heating fuel to a new highs for the year.
Crude futures were more than 2% higher in Europe but DNB Markets said OPEC+’s decision to further delay its planned production increase indicates the group isn’t comfortable with oil prices in the low $70s.