Daily Market Update - June 10, 2024
Today in oil and natural gas markets: Diesel climbs to premium v. RBOB while WTI rallies sharply, intraday gains for natural gas are given back as MVP start-up overshadows hot temp forecast
In Today’s Energy Market Update:
Oil Complex: A solid up day for the crude complex will run into monthly forecast data from the DOE and OPEC tomorrow. Directional changes tomorrow likely hinge on the demand outlook from the world’s leading governmental forecasting agency and its pseudo-governmental counterpart in the Middle East
Natural Gas: Record setting heat is forecast for late June, but news of the Mountain Valley Pipeline possibly entering service tomorrow rains on the bullish parade
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