Daily Market Update - March 13, 2024
Today's movements in oil and natural gas markets: Crude jumps on yesterday's bullish API report and today's EIA reading, back-to-back attacks in Russia, and natural gas slides again.
In Today’s Energy Market Update:
Oil Complex: Bullish tailwinds finally picked up for crude prices today, aided by the EIA’s first reported crude draw in seven weeks. Back-to-back Ukrainian attacks on Russian energy infrastructure increased geopolitical risks and pushed products higher.
Natural Gas: Nat gas continues searching for a floor. A top-ten warm 15-day weather outlook and strong wind contributions overshadowed yesterday’s producer cuts.
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