Daily Market Update - May 16, 2024
Today in oil and natural gas markets: Product led move higher for the crude complex, Dangote refinery news, curve shape considerations, EIA inventory delivers a bullish surprise for natural gas
In Today’s Energy Market Update:
Oil Complex: Nigeria seeks U.S. crude which has seen material curve flattening over the past month
Natural Gas: A 70 Bcf withdrawal cuts the Y/Y storage surplus, NYMEX market continues its ascent, and thoughts on the remaining inventory data points ahead of peak summer
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