Daily Market Update - April 10, 2024
Today in oil and natural gas markets: WTI market shrugs off bearish DOE stats while Iran prepares to attack, salt storage v. regional balance disparity, and a 2nd failed intraday rally for natty
In Today’s Energy Market Update:
Oil Complex: Iranian offensive headlines outweigh bearish DOE stats, crude exports dip, and products lead the complex higher
Natural Gas: Inventory change on tap tomorrow with the market likely needing something outside of a +10 to +20 Bcf range to be excited. Salt storage remains on center stage, with tomorrow’s build a focal point with Freeport LNG feedgas demand still depressed
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