Daily Market Update - June 04, 2024
Today in oil and natural gas markets: API crude build compounds carryover from OPEC decision. Natural gas sheds yesterday's gains as sentiment-fueled rally fades.
In Today’s Energy Market Update:
Oil Complex: Front-month WTI settled 1.31% lower on the API’s surprise inventory build, compounding bearish demand sentiment from this weekend’s OPEC decision.
Natural Gas: Henry Hub reverses course from yesterday’s sentiment-fueled rally, with downside spurred by the mention of cooler forecasts.
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