On the Hurricane Front another Disturbance comes out of nowhere in the Caribbean Sea. Tropical Storm Eta last updated by the National Hurricane Center at 3:00 P.M. CST an Tuesday. Has their cone moving north and showing a good chance of no further disruptions to Mississippi, Louisiana, and Texas at the moment. Former Disturbance 1 now graduated to Tropical Storm Theta has the storm moving west back in the Atlantic and looks to be a very small treat to the U.S.-Canada east coastline. Anew Disturbance 1, a tropical wave over the eastern Caribbean Sea and is expected to move westward into more conducive environmental conditions over the next several days. And a new tropical depression is likely to form late this week or weekend when this tropical wave reaches the central or western Caribbean Sea.
On the front the market is rocking and rolling. As traders and producers are saying the COVID-19 vaccine will make 2021 a success. And after an extremely bullish API number with crude oil and products this market is not backing off the initial euphoria of the excitement of this good news finally brought to our attention. We will get hopefully back to a normal market and remain strong,
But were in a little chop this morning. In the overnight electronic session, the December crude oil is currently trading at 4239 which is 139 points higher. The trading range has been 4306 to 4145.
On the front the market has been chopping as well gathering steam to the next momentum will bring this fundamentally bullish market. We will see peeks and valleys into this new line of support. In the overnight electronic session the December natural gas is currently trading at 2.958 which is .009 higher. The trading range has been 2.986 to 2.911.
