Daily Market Update - May 21, 2024
Today in oil and natural gas markets: directionally bearish inventories, Golden Pass LNG contractor bankruptcy filing, and model changes that challenge the June temperature narrative.
In Today’s Energy Market Update:
Oil Complex: Inventory data fuels the bearish near-term demand sentiment
Natural Gas: Mid-day GFS model runs challenge the dominant June weather narrative, Golden Pass LNG contractor bankruptcy drags on early price action, and record power demand offers modest support.
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