Penghua CNI Oil&Gas ETF(159697.SZ)

The Commodities Feed: US Natural Gas Surges Amid Freezing Conditions

Natural gas prices surged 25% amid freezing conditions in the US, with Henry Hub futures rising over 50% this week due to increased heating demand and supply concerns. Speculators were caught off guard, leading to short covering. US natural gas storage remains comfortable, but the situation may be short-lived depending on the storm's severity. The rally affected global markets, with European gas prices also rising. Oil markets were stable, supported by easing US-EU trade tensions and revised demand growth estimates from the IEA, although a surplus is expected through 2026.

"Commodity" Greenland issue shows signs of hope, oil prices rise slightly

U.S. President Trump announced a temporary suspension of new tariffs on Europe and stated that a framework agreement has been reached with NATO regarding Greenland. Meanwhile, the closure of two large oil fields in Kazakhstan is only temporary. Oil prices rose slightly on Wednesday. New York March futures rose by $0.26 or 0.4% to $60.62. Brent March futures rose by $0.32 or 0.5% to $65.24

GLOBAL MARKETS-Stocks stage dramatic rebound after Trump announces Greenland framework

Global markets rebounded after President Trump announced a framework for a future deal over Greenland, stating no tariffs would be imposed next month. Wall Street saw significant gains, with the Dow Jones rising 1.21%. The VIX index dropped over 15%, indicating reduced investor nervousness. Meanwhile, the European Parliament suspended work on a trade deal with the U.S. amid ongoing tensions. Bond prices rallied after a selloff, and the U.S. dollar strengthened against other currencies. Oil prices increased slightly, while gold also saw a rise.

What Trump said about the US economy at Davos

The president touted his tariffs, housing and energy policies during a Wednesday address at the World Economic Forum.

Oil and gas companies are trading higher, possibly due to forecasts of a winter storm.