Daily Market Update - May 15, 2024
Today in oil and natural gas markets: Crude recovers on supportive DOE data, June demand forecasts loom, Natural gas returns to rally mode on heat in TX and weaker than expected wind
In Today’s Energy Market Update:
Oil Complex: An overall crude complex draw bring the nearby contract back squarely in the middle of the recent range, while more than 1 MMb/d of sequential global demand is forecast for June which could prove to be a challenging goal to meet
Natural Gas: Expectations for tomorrow’s EIA data, TX heat and failing wind output, along with what an end of season inventory level might be if the market sat at 2 Bcf/d undersupplied
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