Suez disruption supports energy prices

The energy complex is finding it hard to stick with one theme, as the conflicting supply-demand and rising US dollar pressures are at odds with each other.  With the higher dollar, comes the risk of a reversal back into the larger trend to the downside but for now, pressure on ee=nergy prices. With the supply chain disruption affecting the supply of Nat Gas to Europe, we have higher prices competing with the US dollars current appreciation.  The easiest to resolve will be the supply, so I would expect prices to continue lower when the run aground ship is removed.

For more trading details, please check the hyperlinks with time stamp indicated from the video:

0:18 US DOLLAR INDEX

1:21 CRUDE OIL

3:25 NATURAL GAS