Energy Market Recap - 2/6/2017 | RJO Futures

February 6, 2017 3:31PM CST

March Crude Oil closed down 0.73 at 53.10. This was 0.19 up from the low and 1.03 off the high.

March Heating Oil closed down 2.61 at 163.90. This was 0.74 up from the low and 4.08 off the high.

March RBOB Gasoline finished down 3.94 at 151.43, 5.65 off the high and 0.92 up from the low.

March Natural Gas finished down 0.01 at 3.05, 0.03 off the high and 0.04 up from the low.


With US sanction developments against Iran relatively unchanged from last week, deterioration in global economic psychology and market acknowledgment of a massive spec and fund long in crude oil, it wasn't surprising to see crude oil come under noted pressure to start the trading week. Adding into the downward track on the charts were signs that Iran was soliciting against sanctions with an economic argument instead of a political argument. Iran appealed to the US by suggesting sanctions are limiting US energy companies from participating in the rebuilding of Iran's oil infrastructure.

RJO Futures | 222 South Riverside Plaza, Suite 1200 | Chicago, Illinois 60606 | United States
800.441.1616 | 312.373.5478

This material has been prepared by a sales or trading employee or agent of RJO Futures and is, or is in the nature of, a solicitation. This material is not a research report prepared by RJO Futures Research Department. By accepting this communication, you agree that you are an experienced user of the futures markets, capable of making independent trading decisions, and agree that you are not, and will not, rely solely on this communication in making trading decisions.