U.S.-Iran talks whipsaw the global crude market. Warmer forecast revisions weigh on domestic natural gas market sentiment.
Crude finishes with limited losses ahead of Thursday's U.S.-Iran nuclear talks. NYMEX natural gas edges higher despite consecutive bearish revisions to L48 15-day forecasts.
Iran's Foreign Ministry boosts expectations for a nuclear deal with the U.S.. Warmer forecast revisions drive moderate front-centric losses for NYMEX natural gas.
Prospects for a U.S.-Iran nuclear deal gain through the weekend to drive uncertain price action in the crude complex. Natural gas fails to hold gains as forecasts produce mixed signals for early March.
Speculative short interest in Brent and WTI increased for the first time in eight weeks, perpetuating upside risks to price/volatility as U.S.-Iran negotiations heat up.
Today's performance and notable developments in oil and natural gas markets:
A closer look at fund managers' energy market futures and options positioning
