
U.S. natural gas futures have extended their losses, with prices falling by 5% as a hurricane threatens LNG and power demand. Additionally, U.S. diesel futures have dropped to their lowest level since December 2021, with prices down 3% to $2.08 per gallon. In Europe, the auto index fell by 3.4%, marking its biggest daily fall in over four months following a guidance cut from BMW. The oil and gas stocks index in Europe also dropped to a one-year low, down 1.5%.
Oil prices have started to collapse anew again today, just in the last hour or so. At about 10:35 a.m. EDT, ultra low sulfur #diesel on CME was down 7 cents/gallon to $2.0694. If it settled around there it would be the lowest since early December 2021. https://t.co/vKm2d7JkAm
⚠ S&P 500 ENERGY INDEX FALLS 2.2% TO LOWEST SINCE FEBRUARY AS OIL PRICES SLIP
🔸US DIESEL FUTURES FALL TO LOWEST SINCE DEC. 2021; LAST DOWN 3% TO $2.08/GALLON
