Daily Market Update - March 14, 2024
Today's movements in oil and natural gas markets: New 2024 highs for crude, products jump across the board, IEA demand outlook changes narrative, and nat gas ends its 6-day losing streak.
In Today’s Energy Market Update:
Oil Complex: A strong week for crude headlines sent prices to their highest since November of last year. Today’s gains were supported by the IEA adjusting its demand outlook higher for the fourth time in its previous five monthly reports. The IEA now anticipates a global supply deficit for 2024 with extended OPEC cuts.
Natural Gas: Nat gas markets ended their six-session losing streak on an above-expectations inventory draw and cooler temps entering the 14-day forecast in parts of the CONUS.
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