Daily Market Update - March 11, 2024
Today's movements in oil and natural gas markets: lower liquidity into Spring Break, WTI little changed, cracks retrace, fresh refinery trouble, and gas tumbles on inventory and weather outlook.
In Today’s Energy Market Update:
Oil Complex: Prices settled little changed as markets anticipate tomorrow’s OPEC monthly report and seek an indication of recovering refinery utilization boosting demand in this week’s inventory figures. Global refinery troubles continue, with another facility succumbing to a fire.
Natural Gas: Bulging inventories and warmer forecasts send beleaguered prices lower for the fourth consecutive session. EQT brings Equitrans Midstream back into the fold with a $5.5 billion all-stock deal.
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