Daily Market Update - April 17, 2024
Today in oil and natural gas markets: Crude complex collapse as inventory data fails to support tight Q2 balance narrative, natural gas pressure led by some of the weakest Y/Y comps on record
In Today’s Energy Market Update:
Oil Complex: Crude build unfavorable considering the ramp in exports week-over-week, and considerable product pressure challenges the storyline of Q2 being one of the tightest quarters of the year
Natural Gas: LNG, wind, solar, and weather stand as large near term obstacles for a market still uncertain about supply side contribution
Keep reading with a 7-day free trial
Subscribe to Mobius Risk Group to keep reading this post and get 7 days of free access to the full post archives.