Daily Market Update - May 08, 2024
Today in oil and natural gas markets: DOE stats, tightening product spreads, and another shrug to geo-political news, A 4 day NG rally comes to halt ahead of the surplus expanding EIA report tomorrow
In Today’s Energy Market Update:
Oil Complex: A flat w/w inventory change for the crude complex and a modest steeping of curve shape, while the dog-paddling for WTI continues
Natural Gas: Inventory surplus expansion is essentially a given, what details could allow for the recent rally to resume tomorrow
Keep reading with a 7-day free trial
Subscribe to Mobius Risk Group to keep reading this post and get 7 days of free access to the full post archives.