The WTI prompt-month contract slipped $0.27 to $66.16/Bbl on Friday morning (7:30 AM CT)
Prices remain elevated after President Trump indicated Iran has no more than 15 days to reach an agreement on its nuclear program
He also noted that he is weighing the possibility of a limited military strike
The US is conducting its largest military deployment to the Middle East since 2003, heightening market concerns over potential supply disruptions
As a result, crude options markets are showing a stronger tilt toward upside calls, reflecting increased demand for protection against further price gains
Bloomberg reporting suggests supertanker charter rates could climb toward multi-year highs amid rising geopolitical risk and tight vessel availability
Additionally, US commercial crude inventories declined by roughly 9 MMBbls last week, the largest draw since early September, according to EIA data
Natural gas prompt month is down -0.2c to $2.994/MMBtu. (As of 07:45 AM CDT)
There was little change across the two-week weather forecast this morning, temperatures are forecasted to return to the 10-year normal late next week through early March
US exports rose 0.2 Bcf/d week over week, spurred on by gains in LNG noms (Criterion)
Canadian imports fell a further 0.7 Bcf/d this week to 5.3 Bcf/d
February Canadian imports are sitting at an average of 5.9 Bcf/d, down from 7.3 Bcf/d last month
FirstEnergy unveils updated $36B capital plan (S&P)
FirstEnergy has increased its five-year investment plan by about 30% from $28B to $36B
They filed for approval to build and operate a 1.2 GW gas-fired plant in West Virginia on Feb 13th
Executives plan to dedicate this 1.2 GW to data center load
According to executives, they see data center demand growth across Maryland, Pennsylvania, and Ohio
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