What does last week's price action in March Natural Gas mean for its long-term outlook?

December Crude Oil is straddling a pair of Gann angles at the mid-session. This is temporarily holding the market in place despite bullish equity indices and a weaker U.S. Dollar.

SINGAPORE (Commodity Online) : World oil prices climbed past the $85 a barrel mark in Asian trade Monday on signs of increase in energy demand.

Light sweet crude for December delivery was seen trading at $ 85.25 a barrel at 12.00 noon Singapore time while Brent crude was at $86.54 a barrel in London.

LONDON, ENGLAND (Commodity Online): Greenpeace says it is suing the United Kingdom in an effort to stop any new deepwater oil drilling of the country's coast.

The environmental group said it filed a suit in the Royal Courts of Justice seeking a ban on all new activity until the causes of BP's Deepwater Horizon accident are fully understood, The Daily Telegraph reported Friday.

BAGHDAD (Commodity Online) : After re-estimating its explored oil reserves with the help of global oil companies, Iraq said it now holds third place behind Saudi Arabia and Venezuela in crude oil reserves.

Iraq’s oil ministry put country’s estimated oil reserves at 143 billion barrels rather than 115 billion barrels, an increase by 25 percent and requested OPEC to review its position since it plans to win higher quotas, up to 12 million barrels a day.