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Energy Update: Crude Regaining Some Strength but Still Lower; Natural Gas Weak

Crude oil is paring some of its losses, rebounding over the past hour from about $91.50 a barrel to its current range around $92.50 a barrel. Crude ended last week resisting the rally in the US equity market, instead staying on a downward path as risk appetite remained under pressure from the Greek debt crisis as well as private industry reports that US gasoline demand slipped for the second month in a row during May.

Natural gas also is trading lower today after on Friday reaching its lowest levels since late May. Traders reportedly said milder weather conditions in recent days and a rebound in US nuclear capacity as forces keeping a lid on prices.

At 9 a.m. ET:

JUL WTI Crude ( NY ) $92.56 -0.45

AUG Brent Crude (ICE) $111.84 -1.37

JUL Natural Gas $$4.316 -0.011

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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